Figure 28-9 -Refer to Figure 28-9. a Follower of the New Classical

Multiple Choice

Figure 28-9
-Refer to Figure 28-9. A follower of the new classical macroeconomics would argue that ________ like that pursued by Paul Volcker in 1979, would result in a movement from C to A.

A) expansionary monetary policy
B) contractionary monetary policy
C) expansionary fiscal policy
D) contractionary fiscal policy