When the AS Curve Is Vertical,fiscal Policy Will Be

question 85

Multiple Choice

When the AS curve is vertical,fiscal policy will be

• A)Ineffective against both inflation and unemployment.
• B)Effective against inflation but not unemployment.
• C)Effective against unemployment but not inflation.
• D)Effective against both inflation and unemployment.

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Definitions:

Elevation

The height of a point on Earth's surface above a reference level, usually sea level.

Inferring Environment

A process of deducing the natural conditions and surroundings of a specific area based on present and historical data.

Metamorphosed

Describes rock that has undergone transformation in structure or composition due to heat and pressure.

Interpret Relative Ages

The process of determining the chronological order of geological events or rock layers without necessarily determining their absolute age.