Moving along which curve does the money wage rate and the price level change in the same proportions?
A) the AD curve
B) the SAS curve
C) the LAS curve
D) None of the above because there is no curve along which both the money wage rate and the price level change in the same proportions.
Question 2
When the Fed is ________ it is ________.
A) adjusting the amount of money in circulation; issuing government bonds
B) issuing government bonds; conducting monetary policy
C) adjusting the amount of money in circulation; conducting monetary policy
D) regulating the nation's financial institutions; conducting monetary policy
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