Multiple Choice
According to the aggregate supply-aggregate demand model,an expansionary fiscal policy will,in the long run,
A) have the opposite effect of an expansionary monetary policy
B) increase both real GDP and the price level
C) increase real GDP and decrease the price level
D) increase real GDP and leave the price level unchanged
E) increase the price level and leave real GDP unchanged
Correct Answer:
Verified
Correct Answer:
Verified
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