Which of the Following Descriptions Best Depicts the Short-Run Effect

question 99

Multiple Choice

Which of the following descriptions best depicts the short-run effect of a leftward shift of the monetary policy line?

• A)An increase in the rate of interest and a decline in both the rate of inflation and real GDP
• B)A decline in both the rate of inflation and the rate of interest, along with an increase in real GDP
• C)An increase in the rate of interest, no change in the rate of inflation, and a decline in real GDP
• D)A decline in real GDP and no change in either the rate of inflation or the rate of interest
• E)A decline in the rate of inflation, the rate of interest, and real GDP

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