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Given the Keynesian AS-Curve, Expansionary Monetary Policy Will

Question 8

Multiple Choice

Given the Keynesian AS-curve, expansionary monetary policy will


A) increase the level of output but leave the price level unchanged
B) increase the price level but leave the level of output unchanged
C) increase both the level of output and the price level
D) leave the level of output and the price level unchanged
E) increase the level of output but decrease the price level

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