A decrease in demand and an increase in supply are indicated by
a. Upward shifts in both curves
b. Downward shifts in both curves.
c. Rightward shifts in both curves.
d. Leftward shifts in both curves.
b
Economics
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Refer to Figure 17-1. Suppose that the economy is currently at point A. If the Federal Reserve engaged in contractionary monetary policy, where would the economy end up in the short run?
A) It would remain at point A. B) point B C) point C D) point D E) point E
Economics
Which of the following could decrease unemployment and inflation simultaneously?
A) a decrease in oil prices B) contractionary monetary policy C) an increase in the real wage D) expansionary monetary policy
Economics