In the short run, if the Fed undertakes contractionary monetary policy, the effect will be to shift the:
A. SAS curve up.
B. AD curve out to the right.
C. SAS curve down.
D. AD curve in to the left.
Answer: D
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Suppose the price of copper and the quantity of copper both rose at the same time. Whatmight be the likely explanation of this using supply and demand analysis?
What will be an ideal response?
Which of the following will change only the quantity demanded of oranges?
A) an increase in the population B) a change in the price of tangerines C) a change in the price of oranges D) a decrease in the taste and preferences for oranges
A movement along a demand curve is called a change in:
A. income. B. quantity demanded. C. demand. D. tastes.
According to Paul Ehrlich's 1968 prediction in The Population Bomb, population growth would result in:
A. Overuse of natural resources leading to famines B. Stable uses of natural resources creating long-term stability C. Efficient use of natural resources fostering prosperity D. Reduced dependence on natural resources leading to growth