When the Fed is pursuing contractionary monetary policy it will ...

[madam-professor]

When the Fed is pursuing contractionary monetary policy it will tend to depreciate the value of the dollar and hence increase net exports, other things equal.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

New classical economists contend that both the short-run and long-run aggregate supply curves are vertical.
 a. True
  b. False
  Indicate whether the statement is true or false

[iman]

Answer to Question 1

False

Answer to Question 2

False

[madam-professor]

YES! Correct, THANKS for helping me on my review

[bdobbins]

Thanks for the timely response, appreciate it