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Author Question: In the _______ range of the aggregate supply curve, expansionary fiscal policy that causes aggregate ... (Read 99 times)

nautica902

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on: Jun 30, 2018
In the _______ range of the aggregate supply curve, expansionary fiscal policy that causes aggregate ______ to increase will lead to a higher price level and a higher equilibrium level of real GDP.
 a. Keynesian, supply
 b. Classical, demand
 c. Intermediate, demand
  d. Intermediate, supply

Question 2

A decrease in the money supply:
 a. lowers the interest rate, causing a decrease in investment and a decrease in GDP.
  b. lowers the interest rate, causing a decrease in investment and an increase in GDP.
  c. raises the interest rate, causing an increase in investment and a decrease in GDP.
  d. raises the interest rate, causing an increase in investment and an increase in GDP.
  e. raises the interest rate, causing a decrease in investment and a decrease in GDP.


josephsuarez

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

c

Answer to Question 2

e


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