Use an AD-AS framework to show the effect of monetary restriction on the level of output, prices and the interest rate in the medium and the long run?...

Use an AD-AS framework to show the effect of monetary restriction on the level of output, prices and the interest rate in the medium and the long run?

Money restriction will reduce the amount of money circulating in the economy. Consumers will have lessmoney thus their purchasing capability will be reduced. Aggregate demand will reduce shifting...