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NYC NYC
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8 years ago
According to the Classical theory, a contractionary monetary policy ________ the price level and ________ output.
A) doesn't change; doesn't change
B) decreases; increases
C) decreases; doesn't change
D) increases; increases
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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