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Title: A monsoon destroyed 80% of the Gregorian manufacturing base. The Gregorian government decided to use Post by: NYC on Jan 12, 2016 A monsoon destroyed 80% of the Gregorian manufacturing base. The Gregorian government decided to use a contractionary fiscal policy to counter the effects of the monsoon on the economy. The use of the contractionary fiscal policy would have caused:
A) the price level to be lower and the output level to be higher than they would have been without the policy action. B) both the price level and output level to be lower than what they would have been without the policy action. C) both the price level and the output level to be higher than they would have been without the policy action. D) the price level to be higher and the output level to be lower than they would have been without the policy action. Title: Re: A monsoon destroyed 80% of the Gregorian manufacturing base. The Gregorian government decided to Post by: Jesslyn on Jan 26, 2016 Content hidden
Title: Re: A monsoon destroyed 80% of the Gregorian manufacturing base. The Gregorian government decided to use Post by: NYC on Jan 28, 2016 Perfect answer, thank you
Title: Re: A monsoon destroyed 80% of the Gregorian manufacturing base. The Gregorian government decided to ... Post by: Anthony Leighton on Sep 19, 2020 Thanks!!
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