Multiple Choice
The Case in Point titled "Tough Medicine" stated that the Keynesian prescription for an inflationary gap was to
A) apply contractionary fiscal or monetary policy, or both.
B) combine contractionary fiscal policy with expansionary monetary policy.
C) combine expansionary fiscal policy with contractionary monetary policy.
D) decrease the money supply in order to shift the SRAS curve to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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