Multiple Choice
If the Fed raises the federal funds rate,eventually the
A) AD curve shifts leftward,decreasing real GDP and increasing the price level.
B) AS curve shifts leftward,decreasing real GDP and increasing the price level.
C) AD curve shifts rightward,increasing real GDP and the price level.
D) AD curve shifts leftward,decreasing real GDP and the price level.
E) AS curve shifts rightward,decreasing real GDP and increasing the price level.
Correct Answer:

Verified
Correct Answer:
Verified
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