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Question 15 of 15 Compare the impact of a contractionary monetary policy and an expansionary fiscal policy in the short run in the AS-AD model.

Question 15 of 15

Compare the impact of a contractionary monetary policy and an expansionary fiscal policy in the short run in the AS-AD model. Which one of the following would occur as a result of both policies in the short run?

A.Higher price level
B.Lower interest rate
C.Higher interest rate
D.Higher level of output and income

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