If the actual price level turns out to be lower than expected,
A)resource suppliers lose because they receive lower real incomes
B)potential output rises
C)potential output falls
D)firms earn greater profits because their costs decrease
E)the unemployment rate will probably rise

Question

Quizplus · Accepted Answer

The Answer of If the actual price level turns out to be lower than expected,
A)resource suppliers lose because they receive lower real incomes
B)potential output rises
C)potential output falls
D)firms earn greater profits because their costs decrease
E)the unemployment rate will probably rise

If the Actual Price Level Turns Out to Be Lower