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sgy_89 sgy_89
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7 years ago
According to Keynesians, which of the following is true?
A) When unemployment is caused by inadequate aggregate demand, expanding the money supply will reduce unemployment but intensify inflation.
B) When inflation is caused by a supply shock, reducing the money supply will lower the rate of inflation but aggravate unemployment.
C) When unemployment is caused by a reduction in aggregate supply, increasing the money supply will reduce unemployment but aggravate inflation.
D) All of the above.
E) None of the above.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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7 years ago
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