In terms of the price-real GDP diagram, a given expansion of the money supply will have a greater effect on prices the

a. steeper the aggregate supply curve.
b. flatter the aggregate supply curve.
c. higher the initial price level.
d. lower the initial price level.

a

Economics

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An unexpected fall in New Home Sales should send bond prices __________ and stock prices __________

A) up; up B) up; down C) down; up D) down; down

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