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

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Definitions:

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To explain the meaning of information or data, often by drawing inferences or conclusions.

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