Multiple Choice
Which of the following is true about the short run effects of a contractionary monetary policy in Keynesian model?
A) Output declines,price level declines,real interest rate rises.
B) Output increases,price level increases,real interest rate declines.
C) Output increases,price level increases,real interest rate increases.
D) Output declines,price level declines,real interest rate declines.
Correct Answer:
Verified
Correct Answer:
Verified
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