If the central bank in the preceding question instead holds the money supply constant and allows the interest rate to adjust, the change in aggregate demand resulting from the increase in government purchases will be a. larger. b. the same. c. smaller but still positive. d. negative.
Principles of Economics (MindTap C...
Principles of Economics (MindTap C...
If the central bank in the preceding question instead holds the money supply constant and allows the interest rate to adjust, the change in aggregate demand resulting from the increase in government purchases will be
a. larger.
b. the same.
c. smaller but still positive.
d. negative.
Expert Solution
Chapter 34 Solutions
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