Part 2 Answer questions a through F on the basis of the following graph: e. If the actual price level equals the expected price level reflected in long term contracts, real GDP equals _______ and the actual price level equals ________ in the short run. f. The situation described in part E result in a _________ gap equal to __________

Part 2 Answer questions a through F on the basis of the following graph: e. If the actual price level equals the expected price level reflected in long term contracts, real GDP equals ___ and the actual price level equals in the short run. f. The situation described in part E result in a _ gap equal to ______

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 4SQ

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