5. If output is above its natural level, over time the price level will , shifting the...

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5. If output is above its natural level, over time the price level will , shifting the curve and moving the economy toward its long-run equilibrium.

a. rise, IS

b. rise, LM

c. fall, IS

d. fall, LM

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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