A decrease in interest rates by the Fed based on a given and unchanged policy reaction function represents a ________ the aggregate demand curve, and lower interest rates resulting from a downward shift in the Fed's policy reaction function represents a ________ the aggregate demand curve.

A. movement down; shift right of
B. shift left of; shift right of
C. movement up; movement down
D. shift left of; movement up


Answer: A

Economics

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Answer the following statement true (T) or false (F)

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