One Implication of the Policy Ineffectiveness Proposition (PIP)is That Expansionary

question 21

Multiple Choice

One implication of the policy ineffectiveness proposition (PIP) is that expansionary __________ policy is not effective at raising __________.

• A) monetary; Real GDP
• B) monetary; the price level
• C) fiscal; the price level
• D) a and b
• E) a and c

---

Definitions:

Antecubital

The area located at the front of the elbow.

Directional Terminology

A set of terms used to describe the relative locations of parts of the body in relation to each other.

Caudal

Pertaining to the tail or posterior part of the body, often used to describe direction in anatomy.

Proximal

Situated nearer to the center of the body or the point of attachment.