If a passive approach is followed in closing an expansionary gap,_____.
A)restrictive fiscal policy would be used
B)restrictive monetary policy would be used
C)the short-run aggregate supply curve would shift to the right
D)the price level would decrease in the long run
E)an economy would experience inflationary pressure

Question

Quizplus · Accepted Answer

The Answer of If a passive approach is followed in closing an expansionary gap,_____.
A)restrictive fiscal policy would be used
B)restrictive monetary policy would be used
C)the short-run aggregate supply curve would shift to the right
D)the price level would decrease in the long run
E)an economy would experience inflationary pressure

If a Passive Approach Is Followed in Closing an Expansionary