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Author Question: If the economy is at potential output, actual inflation (Read 58 times)

sc00by25

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Question 1

The measured unemployment rate can be pushed below the natural rate, but


◦ only in the long run and only if the price level is constant.
◦ only in the long run and not without inflation.
◦ only in the short run and only if the price level is constant.
◦ only in the short run and not without inflation.

Question 2

If the economy is at potential output, actual inflation


◦ is greater than expected inflation.
◦ equals expected inflation.
◦ is less than expected inflation.
◦ equals the natural rate of unemployment.


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Marked as best answer by sc00by25 on Apr 19, 2019

leahm14

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sc00by25

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leahm14

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