The Finding That Output Declines Following the Implementation of a Contractionary

The finding that output declines following the implementation of a contractionary policy by the Fed indicates that

A) reverse causation appears to explain the correlation between changes in money and changes in output.
B) money is neutral in the short run.
C) the real business cycle model's explanation of the correlation between money and output is incorrect.
D) money is neutral in the long run.

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