Price level exceeds the expected price level in short run

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Reference no: EM131387183

When the econmys actual price level exceeds the expected price level in the short run:

A) the real wage of workers decline

B) the noinal wages of workers increase

C) firms decrease ooutput below the potential level

D) the economy produces the natural rate of output

E) cyclical unemployment in the economy falls to zero

Reference no: EM131387183

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