In the aggregate demand-aggregate supply model in the short run, a decrease in the money supply is likely to cause a(n):
a. increase in both the price level and real GDP
b. decrease in both the price level and real GDP.
c. increase in real GDP and a decrease in the price level.
d. decrease in real GDP and an increase in the price level.
e. increase in the price level only.
b
Economics
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When Italy buys Boeing jets, the price Italy pays is ________ if it produced its own jets, and the price Boeing receives is ________ than it could receive from an additional U.S. buyer
A) lower than; higher B) higher than; higher C) the same as; higher D) lower than; lower E) higher than; lower
Economics
What special roles do the Budget Committees of the House of Representatives and the Senate play in creating fiscal policy?
What will be an ideal response?
Economics