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booboo123 booboo123
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A year ago
Which of the following outcomes is likely if a contractionary monetary policy is adopted?

▸ The demand for labor will increase.

▸ Real wages will increase if nominal wages are fixed.

▸ The aggregate price level will rise.

▸ Real output will increase if nominal wages are fixed.
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Macroeconomics

Macroeconomics


Edition: 3rd
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JaynieJaynie
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A year ago
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