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-Refer to the Above Figure

Question 171

Multiple Choice

-Refer to the above figure. Suppose the economy is at point B and the central bank adopts contractionary monetary policy. In the short run, this will result in A) the economy moving towards point A. B) the economy staying at point B. C) the economy moving towards point C. D) an outcome that cannot be predicted, because not enough information is given.
-Refer to the above figure. Suppose the economy is at point B and the central bank adopts contractionary monetary policy. In the short run, this will result in


A) the economy moving towards point A.
B) the economy staying at point B.
C) the economy moving towards point C.
D) an outcome that cannot be predicted, because not enough information is given.

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