If a Passive Approach Is Followed in Closing an Expansionary

question 134

Multiple Choice

If a passive approach is followed in closing an expansionary gap,_____.

• A)restrictive fiscal policy would be used
• B)restrictive monetary policy would be used
• C)the short-run aggregate supply curve would shift to the right
• D)the price level would decrease in the long run
• E)an economy would experience inflationary pressure

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Attributes of an individual's mind and behavior that distinguish them from others, including thoughts, emotions, and personality traits.

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