Suppose That the Money Supply Decreases

question 294

Multiple Choice

Suppose that the money supply decreases. In the short run, this increases prices according to

• A)both the short-run Phillips curve and the aggregate demand and aggregate supply model.
• B)neither the short-run Phillips curve nor the aggregate demand and aggregate supply model.
• C)the short-run Phillips curve, but not the aggregate demand and aggregate supply model.
• D)the aggregate demand and aggregate supply model but not the short-run Phillips curve.

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Definitions:

Simple Fruits

Fruits that develop from a single ovary of a single flower and are generally composed of the ovary wall and seeds.

Fusion

The act or outcome of merging two or more elements into one unified whole.

Ovaries

Female reproductive organs in animals and humans that produce eggs and hormones.

Botanically

Referring to or derived from plants or the science of botany.