In deriving the aggregate demand curve a ________ inflation rate leads the central bank to ________ real interest rates,thereby ________ the level of equilibrium aggregate output.
A) higher;raise;lowering
B) lower;raise;lowering
C) higher;lower;lowering
D) higher;lower;raising
Correct Answer:
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Q1: Based on the Taylor Principle,a central bank's
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A)causes an
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