In the New Classical Model, If the Money Supply Falls

question 58

Multiple Choice

In the new classical model, if the money supply falls less than expected, then the shift to the _____ by AD will be _____ than the shift to the _____ by AS in the short run.

• A) left, greater, right
• B) left, less, right
• C) right, greater, left
• D) right, less, left

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Definitions:

Meristem

Zone of undifferentiated parenchyma cells, the divisions of which give rise to new tissues during plant growth.

Secondary Xylem

The part of a plant that contributes to wood formation, responsible for water transport and structural support.

Cork Cambium

Lateral meristem that produces cork.

Primary Xylem

The first-formed xylem in a plant, responsible for water and mineral transportation, and it contributes to the plant's structural support.