Multiple Choice
An autonomous monetary policy easing temporarily ________ real interest rates and ________ aggregate output in the short run,but in the long run real interest rates and aggregate output return to the equilibrium levels.
A) reduces;raises
B) reduces;lowers
C) increases;lowers
D) increases;raises
Correct Answer:
Verified
Correct Answer:
Verified
Q54: The total quantity of an economy's final
Q55: The price of a barrel of oil
Q56: Everything else held constant,an increase in net
Q57: Suppose the economy is producing at the
Q58: The long-run aggregate supply curve shifts to
Q60: Everything else held constant,a decrease in planned
Q61: The price of a barrel of oil
Q62: The Phillips curve indicates that when the
Q63: Everything else held constant,an autonomous monetary policy
Q64: Suppose the economy is producing at the