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Figure: Two SRAS Curves Reference: Ref 13-5 (Figure: Two

Question 96

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Figure: Two SRAS Curves Figure: Two SRAS Curves Reference: Ref 13-5 (Figure: Two SRAS Curves) Referring to these two SRAS curves, which of the following is TRUE of Point A? A) The actual inflation rate is 5 percent and the expected inflation rate is 3 percent. B) The actual inflation rate is 3 percent and the expected inflation rate is 5 percent. C) The actual inflation rate and the expected inflation rate are both 3 percent. D) The actual inflation rate and the expected inflation rate are both 5 percent. Reference: Ref 13-5 (Figure: Two SRAS Curves) Referring to these two SRAS curves, which of the following is TRUE of Point A?


A) The actual inflation rate is 5 percent and the expected inflation rate is 3 percent.
B) The actual inflation rate is 3 percent and the expected inflation rate is 5 percent.
C) The actual inflation rate and the expected inflation rate are both 3 percent.
D) The actual inflation rate and the expected inflation rate are both 5 percent.

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