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MMLU / A contractionary monetary policy will cause the nominal interest rate aggregate…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A contractionary monetary policy will cause the nominal interest rate aggregate demand output and the price level to change in which of the following ways? NOMINAL INTEREST RATE     AGGREGATE DEMAND     OUTPUT     PRICE LEVEL

choices

  1. Decrease     Increase     Increase     Increase
  2. Decrease     Decrease     Decrease     Increase
  3. Increase     Decrease     Decrease     Increase
  4. Increase     Decrease     Decrease     Decrease

subject

high_school_macroeconomics

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Source and history

Official source

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