Price misperception during a positive technology shock would cause:
A)output or GDP to fall by more than it would without price misperception.
B)labour supply to rise by less than it would without price misperception.
C)the expected price level to fall more than the actual price level falls.
D)all of the above.

Question

Quizplus · Accepted Answer

The Answer of Price misperception during a positive technology shock would cause:
A)output or GDP to fall by more than it would without price misperception.
B)labour supply to rise by less than it would without price misperception.
C)the expected price level to fall more than the actual price level falls.
D)all of the above.

Price Misperception During a Positive Technology Shock Would Cause