In the extended classical model, an anticipated decrease in the money supply would cause output to ________ and the price level to ________ in the short run
A) increase; decrease
B) increase; remain unchanged
C) remain unchanged; increase
D) remain unchanged; decrease
D
Economics
You might also like to view...
Aid sent to a foreign country is an example of ________
A) transfer payment to the foreign country B) export by the home country C) import by the home country D) factor payment to the foreign country
Economics
We ________ from consuming the benefits of a public good.
A. cannot exclude anyone B. can exclude some people C. can exclude everyone D. can only exclude the private sector
Economics