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Expansionary Monetary Policy During Periods of Underutilized Resources Can Cause

Question 119

Multiple Choice

Expansionary monetary policy during periods of underutilized resources can cause


A) real national income to increase without an increase in the price level.
B) real national income to increase with a decrease in the price level.
C) real national income to increase with an increase in the price level.
D) nominal national income to increase but cannot affect real national income.

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