Question: If an economy is operating below its potential output level, holding everything else constant, one would expect: A. nominal wages to rise. O B. nominal

If an economy is operating below its potential output level, holding everything else constant, one would expect: A. nominal wages to rise. O B. nominal wages to stay the same. C. nominal wages to fall. O D. price levels to increase.If the Federal Open Market Committee conducts an open market purchase: A. interest rates will fall. B. interest rates will remain unchanged. C. interest rates will rise. D. the money supply will decrease

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