An Inflationary Gap Can Be Closed with

question 38

Multiple Choice

An inflationary gap can be closed with

• A) using an expansionary monetary policy.
• B) using a policy action such as a reduction in taxes.
• C) using a policy action such as a reduction in government purchases.
• D) imposing price controls to prevent prices from rising.

---

Definitions:

Screen Out Data

To screen out data means to filter or remove certain data points or information based on predefined criteria, often used in data processing or analysis.

Shift Register

A PLC function capable of storing and shifting binary data.

Examine for On Instruction

A PLC programming command used to check if a specific input or condition is true (or "on") before executing subsequent instructions.

PLC Sequencer Step

A specific stage or operation in a sequence of actions controlled by a Programmable Logic Controller (PLC) to automate processes.