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In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it A. increases both nominal and real income B. increases real income but not nominal income C. increases nominal income but not real income D. doesn't increase real or nominal income
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Question
Asked 10/4/2012 2:12:34 PM
Updated 1/18/2016 11:12:01 AM
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Flagged by jeifunk [1/18/2016 11:12:02 AM]
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User: In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it A. increases both nominal and real income B. increases real income but not nominal income C. increases nominal income but not real income D. doesn't increase real or nominal income

Weegy: The answer is A. increases both nominal and real income
carlaloo|Points 22|

Question
Asked 10/4/2012 2:12:34 PM
Updated 1/18/2016 11:12:01 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by jeifunk [1/18/2016 11:12:02 AM]
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In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it: increases nominal income but not real income.
Added 1/18/2016 11:12:01 AM
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