Which of the Following Is True About the Short Run

question 71

Multiple Choice

Which of the following is true about the short run effects of a contractionary monetary policy in Keynesian model?

• A)Output declines,price level declines,real interest rate rises.
• B)Output increases,price level increases,real interest rate declines.
• C)Output increases,price level increases,real interest rate increases.
• D)Output declines,price level declines,real interest rate declines.

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Definitions:

Competency

A measure of an individual's ability to perform a task or job effectively, based on skills, knowledge, and abilities.

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Behavior Analysis

The scientific study of principles of learning and behavior, focusing on objectively observable and measurable behaviors and how they are influenced by the environment.