Consider the Following Statement: "President X Expressed Satisfaction with Last

question 16

Multiple Choice

Consider the following statement: "President X expressed satisfaction with last year's economic performance. He said that with inflation and unemployment heading down, the nation 'is on the right course.'" Which of the following could have caused this phenomenon?

• A) Economic agents revising their expectations about the price level resulting in the short-run aggregate supply curve shifting to the left.
• B) Expansionary fiscal and monetary policies that shifted the aggregate demand curve to the right.
• C) Increase in money supply which lowered interest rates and shifted the short-run aggregate supply curve to the right.
• D) Expansionary fiscal and monetary policies that shifted the long-run aggregate supply curve to the right.

---

Definitions:

Pie Chart

A round diagram segmented to represent numerical ratios.

Business School Graduates

Individuals who have completed a degree program at a business school, typically earning a degree in business administration or management.

Frequency Distribution

A statistical analysis that shows the frequency of each distinct value or category of data in a set, often presented as a table or graph.

GPA

Grade Point Average, a standard way of measuring academic achievement in the U.S., calculated as a numerical average of grades earned in courses.