The Central Bank of Cobra Sells Securities in an Open

question 172

Multiple Choice

The central bank of Cobra sells securities in an open market operation. In the short run, aggregate demand ________, real GDP ________, and the price level ________.

• A) does not change; increases; falls
• B) decreases; decreases; falls
• C) increases; increases; rises
• D) does not change; decreases; rises

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