Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
NYC NYC
wrote...
Go to Answer
Posts: 4146
Rep: 0 0
8 years ago
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.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
Read 296 times
3 Replies
Replies
Answer verified by a subject expert
JesslynJesslyn
wrote...
#1
Top Poster
Posts: 2058
Rep: 45 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

NYC Author
wrote...
#2
8 years ago
Perfect answer, thank you
wrote...
#3
3 years ago
Thanks!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1301 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 204
  
 143
  
 1633
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?