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The Long-Run Model Determines ________ and ________, While the Short-Run

Question 3

Multiple Choice

The long-run model determines ________ and ________, while the short-run model determines ________ and ________.


A) potential output; long-run inflation; current output; current inflation
B) potential output; unemployment; current output; long-run inflation
C) current output; long-run inflation; unemployment; current inflation
D) potential output; unemployment; unemployment; current inflation
E) current output; unemployment; potential output; current inflation

Correct Answer:

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