Consider an economy originally at P=Pz and Y = Y* . Consumer confidence rises. In the new

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Consider an economy originally at P=Pz and Y = Y* . Consumer confidence rises. In the new long-run equilibrium, Group of answer choices Price will be higher than P1 and output will be equal to the natural output. Price will be lower than P1 and output will be less than the natural output. Price will be lower than P1 and output will be equal to the natural output. Price will be higher than P1 and output will be greater than the natural output

Posted Date: Jun 18, 2024 10:13 PM

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Consider an economy originally at P=Pz and Y = Y* . Consumer confidence rises. In the new

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