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Refer to the Following Figure to Answer the Next Questions

question 75

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Refer to the following figure to answer the next questions.
Refer to the following figure to answer the next questions.    -According to the figure, if the economy started at full-employment output, contractionary monetary policy would cause real gross domestic product (GDP)  to ________ in the short run. A)  increase from Y<sub>1</sub> to Y<sub>2</sub> B)  increase from Y<sub>1</sub> to Y<sub>3</sub> C)  decrease from Y<sub>2</sub> to Y<sub>1</sub> D)  decrease from Y<sub>3</sub> to Y<sub>2</sub> E)  increase from Y<sub>2</sub> to Y<sub>3</sub>
-According to the figure, if the economy started at full-employment output, contractionary monetary policy would cause real gross domestic product (GDP) to ________ in the short run.


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