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Aggregate Demand and Aggregate Supply - End of Chapter Problem a. When the economy experiences a recession, the AD-AS graph Federal Reserve pursues expansionary monetary

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Aggregate Demand and Aggregate Supply - End of Chapter Problem a. When the economy experiences a recession, the AD-AS graph Federal Reserve pursues expansionary monetary AS policy. Use the AD-AS graph to show the impact of this monetary policy. Price level Quantity of output Incorrectb. When the economy experiences high inflation, the AD-AS graph Federal Reserve pursues contractionary - monetary AS policy. Use the AD-AS graph to show the impact of this monetary policy. Price level AD Quantity of output Incorrect

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