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Refer to the Information Provided in Figure 17

Question 116

Multiple Choice

Refer to the information provided in Figure 17.2 below to answer the questions that follow. Refer to the information provided in Figure 17.2 below to answer the questions that follow. Figure 17.2 -Refer to Figure 17.2. According to ________, a(n) ________ monetary policy in the short run and after all the adjustments have been made increases equilibrium output above Y<sub>1</sub>. A) Keynes; contractionary B) Keynes; expansionary C) the new classicals; contractionary D) the new classicals; expansionary Figure 17.2
-Refer to Figure 17.2. According to ________, a(n) ________ monetary policy in the short run and after all the adjustments have been made increases equilibrium output above Y1.


A) Keynes; contractionary
B) Keynes; expansionary
C) the new classicals; contractionary
D) the new classicals; expansionary

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