Author Question: Contractionary monetary policy causes ________. A) real output to rise B) the aggregate price ... (Read 91 times)

formula1

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Contractionary monetary policy causes ________.
 
  A) real output to rise B) the aggregate price level to fall
  C) the aggregate price level to rise D) real interest rates to fall

Question 2

An increase in wages will shift the supply curve up and to the left.
 
  Indicate whether the statement is true or false


livaneabi

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Answer to Question 1

B

Answer to Question 2

TRUE



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