Multiple Choice
In the AD-AS model,an unexpected decrease in the growth rate of the money supply causes:
A) a rightward shift of the AD curve and then an upward shift of the SRAS curve.
B) a rightward shift of the AD curve and then a downward shift of the SRAS curve.
C) a leftward shift of the AD curve and then an upward shift of the SRAS curve.
D) a leftward shift of the AD curve and then a downward shift of the SRAS curve.
Correct Answer:
Verified
Correct Answer:
Verified
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