After the economy moves to its new short-run equilibrium, the price level is _ than before, real GDP is _ than before, and the unemployment rate is now _the full employment rate of unemployment. A)Higher; lower; above B)Higher; higher; below C)Lower; lower; above D)Lower; higher; below E)Lower; lower; equal to F)Higher; higher; equal to
After the economy moves to its new short-run equilibrium, the price level is _ than before, real GDP is _ than before, and the unemployment rate is now _the full employment rate of unemployment. A)Higher; lower; above B)Higher; higher; below C)Lower; lower; above D)Lower; higher; below E)Lower; lower; equal to F)Higher; higher; equal to
Chapter9: Classical Macro Economics And The Self Regulating Economy
Section: Chapter Questions
Problem 8QP
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After the economy moves to its new short-run
A)Higher; lower; above
B)Higher; higher; below
C)Lower; lower; above
D)Lower; higher; below
E)Lower; lower; equal to
F)Higher; higher; equal to
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