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Consider the neoclassical model. Imagine a scenario where the price level is above the equilibrium price level. Given this information, what will occur? Choose the

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Consider the neoclassical model. Imagine a scenario where the price level is above the equilibrium price level. Given this information, what will occur? Choose the best answer. Question 9 options: If" . . . ' a) Productlon Will outpace consumption ' b) Consumption will outpace production c) Unemployment rates will be higher than the natural unemployment rates ' d) Unemployment rates will be lower than the natural unemployment rates

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