With an Upward Sloping SAS Curve, an Expansionary Monetary Policy

question 201

Multiple Choice

With an upward sloping SAS curve, an expansionary monetary policy that affects the price level but not real output could be the result of a shift of:

• A)both the AD and SAS curves.
• B)only the AD curve.
• C)only the SAS curve.
• D)neither the SAS curve nor the AD curve.

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