According to the Misperceptions Theory,after an Unanticipated Increase in the Money

question 15

Multiple Choice

According to the misperceptions theory,after an unanticipated increase in the money supply has occurred,the SRAS curve must shift to the ________ to restore general equilibrium;as it does so,the price level ________.

• A)right;rises
• B)right;falls
• C)left;rises
• D)left;falls

Recognize the purpose and methodology of field experiments.

Identify the importance of naturalistic observation in collecting unbiased data.

Understand the criteria for drawing cause-and-effect conclusions from experimental data.

Understanding categorization of variables within experiments (independent and dependent variables).