If European Countries Such as Ireland Are Unable to Close

question 99

Multiple Choice

If European countries such as Ireland are unable to close recessionary gaps with expansionary macroeconomic policies,then according to the AD-AS model,recovery will depend upon a(n)

• A) higher interest rate on all new 10-year government bonds.
• B) higher interest rate on all investment.
• C) lower price level.
• D) lower level of consumption.
• E) appreciation of the exchange ratE.

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