A) the price level will be higher next period than it is this period. 32) When the economy is operating at a point where output is greater than the natural level of output, which of the following occurs? A) the price level will be higher next period than it is this period. B) the unemployment rate is less than the natural unemployment rate. C) the price level is greater than the expected price level. D) all of the above. E) none of the above.
A) the price level will be higher next period than it is this period.
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