Use the following to answer questions: 
-(Figure: Monetary Policy and the AD-SRAS Model) Refer to Figure: Monetary Policy and the AD-SRAS Model.If the economy is at point h because of an open market purchase by the Bank of Canada 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:
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