How Is the Effect of Expansionary Monetary Policy Depicted in an Aggregate

question 249

Multiple Choice

How is the effect of expansionary monetary policy depicted in an aggregate supply-aggregate demand graph?

• A) The aggregate supply curve shifts leftward.
• B) The aggregate supply curve shifts rightward.
• C) The aggregate demand curve shifts rightward.
• D) The equilibrium level of income increases, but neither curve shifts.

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Definitions:

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