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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 7
A successful restrictive monetary policy is evidenced by a shift in the money supply curve from:
A)
to a point halfway between 
and 
, a decrease in investment from $25 billion to $22.5 billion, and a decline in aggregate demand from AD 3 to AD 4.
B)
to 
, an increase in investment from $20 billion to $25 billion, and an increase in real GDP from Q 1 to Q f.
C)
to 
, a decrease in investment from $25 billion to $20 billion, and a decline in the price level from P 3 to P 2.
D)
to 
, a decrease in investment from $25 billion to $20 billion, and an increase in aggregate demand from AD 2 to AD 3.
A)
to a point halfway between and , a decrease in investment from $25 billion to $22.5 billion, and a decline in aggregate demand from AD 3 to AD 4.B)
to , an increase in investment from $20 billion to $25 billion, and an increase in real GDP from Q 1 to Q f.C)
to , a decrease in investment from $25 billion to $20 billion, and a decline in the price level from P 3 to P 2.D)
to , a decrease in investment from $25 billion to $20 billion, and an increase in aggregate demand from AD 2 to AD 3.Explanation
Verified
Verified
Hence, the correct answer is a. 
, to a ...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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