Everything Else Held Constant,an Autonomous Monetary Policy Tightening ________ Aggregate

question 63

Multiple Choice

Everything else held constant,an autonomous monetary policy tightening ________ aggregate ________.

• A)increases;demand
• B)decreases;demand
• C)decreases;supply
• D)increases;supply

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Definitions:

Standard Oil

Standard Oil was an American oil producing, transporting, refining, and marketing company. Established by John D. Rockefeller in 1870, it became the largest and first multinational corporation in the world before being dismantled in 1911 due to antitrust laws.

Upton Sinclair

An American writer and reformer, best known for his novel "The Jungle" (1906), which exposed the harsh conditions of the meatpacking industry.

Hetch Hetchy

A valley in Yosemite National Park, which was controversially dammed in the early 20th century to provide water to San Francisco.

Conservationists

Individuals or groups who advocate for the preservation and protection of the environment and wildlife.