Examlex

Solved

Use the Following to Answer Questions

question 243

Multiple Choice

Use the following to answer questions :
Figure: Monetary Policy and the AD-SRAS Model Use the following to answer questions : Figure: Monetary Policy and the AD-SRAS Model   -(Figure: Monetary Policy and the AD-SRAS Model)  Look at the figure Monetary Policy and the AD-SRAS Model. If the economy is at point f because of an open market sale by the Federal Reserve and no further monetary policy is implemented, in the LONG run nominal wages will _____ and _____ will shift to _____, real GDP will _____, and the price level will _____. A) increase; SRAS; SRAS'; decrease; increase B) increase; SRAS; SRAS'; increase; decrease C) decrease; SRAS'; SRAS; increase; decrease D) decrease; SRAS'; SRAS; decrease; decrease
-(Figure: Monetary Policy and the AD-SRAS Model) Look at the figure Monetary Policy and the AD-SRAS Model. If the economy is at point f because of an open market sale by the Federal Reserve and no further monetary policy is implemented, in the LONG run nominal wages will _____ and _____ will shift to _____, real GDP will _____, and the price level will _____.


Definitions:

Related Questions