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04-03-2024
Business

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Assuming the aggregate supply curve is upward-sloping, which of the following is most likely to occur if the Fed pursues restrictive monetary policy
a. The price level will decrease and real GDP will decrease.
b. The price level will decrease and real GDP will remain constant.
c. The price level will increase and real GDP will decrease.
d. The price level will increase and real GDP will remain constant.

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