To Combat Inflation in 1955 and 1956, the Fed Reduced

question 48

Multiple Choice

To combat inflation in 1955 and 1956, the Fed reduced the money supply. In terms of the AS/AD model, this change should have:

• A)shifted the AD curve to the left.
• B)shifted the AD curve to the right.
• C)made the AD curve flatter.
• D)made the AD curve steeper.

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Definitions:

Multiple Relationship

A scenario where a professional has more than one type of relationship with a client, potentially affecting objectivity and judgment.

Directive Techniques

Counseling strategies where the counselor provides specific instructions, guidance, or suggestions to the client, as opposed to non-directive approaches that encourage clients to explore their thoughts and feelings openly.

Sexual Relationship

A relationship involving romantic or sexual intimacy between individuals.

Sexual Relationships

Interpersonal relationships that involve physical or emotional intimacy, often including sexual activity, between individuals.