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Author Question: A decrease in money supply will lead to ________ if nominal wages are fixed. A) lower ... (Read 111 times)

roselinechinyere27m

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on: Jun 30, 2018
A decrease in money supply will lead to ________ if nominal wages are fixed.
 
  A) lower unemployment B) higher real wages
  C) higher output D) lower real wages

Question 2

Contractionary policies are government policies that
 
  A) decrease aggregate supply. B) increase aggregate supply.
  C) increase aggregate demand. D) decrease aggregate demand.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Jayson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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