In Response to an Unanticipated Tightening of Monetary Policy,the Price

question 4

Multiple Choice

In response to an unanticipated tightening of monetary policy,the price level ________ at first,then ________ after a year.

• A)rises; returns most of the way to its original value
• B)falls; returns most of the way to its original value
• C)remains roughly unchanged; begins to rise
• D)remains roughly unchanged; begins to fall

---

Definitions:

Startup Instructions

A set of operations performed by a computer's firmware, or its operating system, to initialize the hardware before the main software loads.

Computer

An electronic device capable of performing complex calculations and tasks, processing data, and executing programs based on instructions provided.

Stylus

A pen-shaped device used to tap or write on touch-sensitive screens.

Input Device

A hardware device used to enter, or input, data (text, images, and sounds) and instructions (user responses and commands) into a computer.