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Author Question: Contractionary monetary policy causes ________. A) real output to rise B) the aggregate price ... (Read 87 times)

formula1

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on: Jun 30, 2018
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
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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livaneabi

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

B

Answer to Question 2

TRUE


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