In the Short Run,which of the Following Would Most Likely

question 28

Multiple Choice

In the short run,which of the following would most likely result from an increase in interest rates?

• A) a reduction in both equilibrium output and the price level
• B) an increase in the equilibrium price level and a reduction in equilibrium output
• C) a reduction in the equilibrium price level and an increase in equilibrium output
• D) an increase in both equilibrium GDP and the price level
• E) an increase in the equilibrium price level and no change in output

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