Expansionary fiscal and monetary policies are meant to engineer:
i. An inward shift in the vertical long run aggregrate supply function (LRAS).
ii. An inward shift in the upward sloping short run aggregate supply function (SRAS).
ii. An inward shift in the downward sloping aggregate demand function (AD).
iv. An outward shift in the downward sloping aggregate demand function (AD).
A) i and ii
B) iv only
C) ii only
D) i only
Ans: B) iv only
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