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Exhibit 16.3 -Refer to Exhibit 16.3. an Expansionary Monetary Policy and Higher

Question 7

Multiple Choice

Exhibit 16.3
Exhibit 16.3 -Refer to Exhibit 16.3. An expansionary monetary policy and higher wage agreements will eventually cause the short-run aggregate supply curve in to shift _____. Output once again returns to the economy's potential GDP at _____, but in the process the price level changes to _____. A) leftward, Q, P B) leftward, Q, P' C) leftward, Q, P D) leftward, Q', P E) leftward, Q', P'
-Refer to Exhibit 16.3. An expansionary monetary policy and higher wage agreements will eventually cause the short-run aggregate supply curve in to shift _____. Output once again returns to the economy's potential GDP at _____, but in the process the price level changes to _____.


A) leftward, Q, P
B) leftward, Q, P'
C) leftward, Q, P"
D) leftward, Q', P
E) leftward, Q', P'

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