Refer to the Following Figure When Answering
Figure $a \rightarrow b;$

Multiple Choice

Refer to the following figure when answering
Figure 15.2: The Labor Market
-In the stylized DSGE model for the labor market displayed in Figure 15.2, with sticky wages, contractionary monetary policy would cause a move from ________ because ________.

A) $a \rightarrow b;$ it would cause a decline in the opportunity cost of leisure
B) $c \rightarrow e;$ consumption would fall
C) $c \rightarrow e;$ the real wage would not change
D) $d \rightarrow c;$ taxes would rise
E) $d \rightarrow a;$ other prices would fall