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Author Question: According to the classical theory, a contractionary monetary policy ________ the price level and ... (Read 39 times)

altibaby

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on: Apr 19, 2019

Question 1

Classical economists believe that a reason the aggregate supply curve is ________ is because people who are not working are those who have chosen not to work at the prevailing wage rate.


◦ horizontal
◦ vertical
◦ positively sloped
◦ negatively sloped

Question 2

According to the classical theory, a contractionary monetary policy ________ the price level and ________ output in the long run.


◦ decreases; increases
◦ decreases; doesn't change
◦ increases; increases
◦ doesn't change; doesn't change
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by altibaby on Apr 19, 2019

parker125

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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altibaby

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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