What impact would have on the real price of resources

Reference no: EM13206382

how will (a) an unexpected 3% fall in the price level in the goods and services market differ from

(b) 1% inflation when 4% inflation had been expected?

What impact would (a) and (b) have on the real price of resources, profit margins, output, and employment. Explain.

Reference no: EM13206382

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