The Federal Government initiates a contractionary monetary policy that is correctly anticipated by economic agents in the economy.The result is
A) decreased prices,but no change in real national income.
B) decreased prices and decreased real national income in the short run,but only decreased prices in the long run.
C) decreased real national income in the short run and decreased prices in the long run.
D) decreased real national income and prices in both the short run and the long run.
Correct Answer:
Verified
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