Price level 110 0 600 AS AD Aggregate output ($ billion) Figure 12.6 1. Refer to Figure 12.6. Suppose the equilibrium price level is 110. An increase in the Z factors in the monetary policy rule price level a. decreases; leaves unchanged b. leaves unchanged; increases c. increases; increases d. decreases; decreases. equilibrium output and _the

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Price level
110
0
600
AS
AD
Aggregate output ($ billion)
Figure 12.6
1. Refer to Figure 12.6. Suppose the equilibrium price level is 110. An increase in the Z
factors in the monetary policy rule
price level
a. decreases; leaves unchanged
b. leaves unchanged; increases
c. increases; increases
d. decreases; decreases.
equilibrium output and
_the
Transcribed Image Text:Price level 110 0 600 AS AD Aggregate output ($ billion) Figure 12.6 1. Refer to Figure 12.6. Suppose the equilibrium price level is 110. An increase in the Z factors in the monetary policy rule price level a. decreases; leaves unchanged b. leaves unchanged; increases c. increases; increases d. decreases; decreases. equilibrium output and _the
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