Multiple Choice
Because the Fed increased the money supply after the recession in the early 1990s,the
A) AD curve shifted to the left
B) economy returned to equilibrium GDP at a price level that was lower than the original price level
C) price level continued to increase after the recession ended
D) price level fell back to its original level
E) long-run equilibrium GDP decreased
Correct Answer:

Verified
Correct Answer:
Verified
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