If a Rise in the Expected Price Level Results in an Immediate

question 111

Multiple Choice

If a rise in the expected price level results in an immediate and equal rise in wages and prices,then an expansionary monetary policy will cause ________.

• A) the aggregate demand curve to shift to the right, and output to increase only if the policy is anticipated
• B) the aggregate demand curve to shift to the right, and output to increase only if the policy is unanticipated
• C) a decline in the price level
• D) both B and C of the above

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Definitions:

Pathogen Spreads

The transmission of microorganisms that cause disease from one individual or source to another, through various means.

Susceptible Host

An individual who has little or no immunity to infection by a particular organism.

Immunity

The ability of an organism to resist harmful microorganisms from entering it, through the actions of specific antibodies or sensitized white blood cells.

Pathogen

A microorganism, such as a virus, bacteria, or fungus, that can cause disease in its host.