Question: Question content area Part 1 According to the misperceptions theory, when the aggregate price level is higher than expected, Part 2 A . the aggregate

Question content area
Part 1
According to the misperceptions theory, when the aggregate price level is higher than expected,
Part 2
A.
the aggregate quantity of output demanded falls below the full-employment level.
B.
the aggregate quantity of output demanded rises above the full-employment level.
C.
the aggregate quantity of output supplied falls below the full-employment level.
D.
the aggregate quantity of output supplied rises above the full-employment level.

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