Multiple Choice
If the central bank responds to a single negative supply shock with monetary validation,we can expect an increase in
A) the money supply but a decrease in costs and prices.
B) costs but a decrease in real national income.
C) the size of the output gap.
D) costs,the price level,and the money supply.
E) the price level and unemployment.
Correct Answer:

Verified
Correct Answer:
Verified
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