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When output (Y) is less than the natural level (Yn), a.the unemployment rate is more than the natural unemployment rate. b.the price level is less
When output (Y) is less than the natural level (Yn),
a.the unemployment rate is more than the natural unemployment rate.
b.the price level is less than the expected price level.
c.the price level will be higher next period than this period.
d.all of the above.
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