Starting from the Natural Level of Output, an Unexpected Monetary

question 32

Multiple Choice

Starting from the natural level of output, an unexpected monetary contraction will cause output and the price level to ______ in the short run; and in the long run the expected price level will ______, causing the level of output to return to the natural level.

• A) increase; increase
• B) increase; decrease
• C) decrease; decrease
• D) decrease; increase

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Definitions:

Molecular Formula

A representation of the types and numbers of atoms in a molecule without indicating how they are bonded together.

IR

Infrared spectroscopy, a technique used to identify and study chemicals through their absorption of infrared light.

Septet

A grouping of seven, commonly used in the context of splitting patterns in NMR spectroscopy.

Spectral Data

Information derived from spectrometry, used to identify compounds and determine their structure.