Use the following to answer questions :
Figure: Monetary Policy and the AD-SRAS Model 
-(Figure: Monetary Policy and the AD-SRAS Model) Look at the figure Monetary Policy and the AD-SRAS Model. If the economy is at point h because of an open market purchase by the Federal Reserve and no further monetary policy is implemented, in the LONG run nominal wages will _____, SRAS will shift _____, real GDP will _____, and the price level will _____.
A) increase; to SRAS'; decrease; increase
B) increase; to SRAS'; increase; decrease
C) decrease; farther to the right; decrease; increase
D) decrease; to SRAS'; increase; decrease
Correct Answer:
Verified
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Figure:
Q194: Use the following to answer questions :
Figure:
Q195: Economists argue that money is neutral:
A)in both
Q197: In the long run, changes in the
Q199: Suppose the economy is in long-run equilibrium
Q200: Use the following to answer questions :
Figure:
Q202: Use the following to answer questions:
Figure: A
Q203: Use the following to answer questions:
Figure: A
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