If a contractionary monetary policy is adopted, ________.

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If a contractionary monetary policy is adopted, ________.

If a contractionary monetary policy is adopted, ________.

▸ real output will increase

▸ the real interest rate will fall

▸ the demand for labor will increase

▸ the price level will fall

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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this is exactly what I needed

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