Exhibit 11-2 -In Exhibit 11-2, if P₃ is the prevailing price level, then A)the expected price level is less than the actual price level B)there is a contractionary gap C)the price level will rise D)the actual unemployment rate is above the natural rate E)potential output is greater than actual output

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The Answer of Exhibit 11-2 -In Exhibit 11-2, if P₃ is the prevailing price level, then A)the expected price level is less than the actual price level B)there is a contractionary gap C)the price level will rise D)the actual unemployment rate is above the natural rate E)potential output is greater than actual output

Exhibit 11-2 -In Exhibit 11-2, If P3 Is the Prevailing Price Level

Exhibit 11-2 -In Exhibit 11-2, If P₃ Is the Prevailing Price Level