Multiple Choice
What will a decrease in the bank rate when the SRAS is relatively flat likely lead to?
A) a large increase in the price level and an increase in unemployment
B) a large increase in the price level and an increase in real GDP
C) a small increase in the price level and a decrease in real GDP
D) a small increase in the price level and a decrease in unemployment
Correct Answer:
Verified
Correct Answer:
Verified
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