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Select the 2 answers that apply. Which of the following accurately describes the price level (inflation) and output before and after the real estate bubble
Select the 2 answers that apply. Which of the following accurately describes the price level (inflation) and output before and after the real estate bubble bursts? D After: inflation is below equilibrium; output is below equilibrium. 0 Before: inflation is above equilibrium; output is above equilibrium. [3 After: ination is above equilibrium; output is above equilibrium 0 Before: inflation is below equilibrium; output is below equilibrium
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