Active fiScal and Monetary Policy Is Required to Move an Economy

question 9

Multiple Choice

Active fiscal and monetary policy is required to move an economy back to equilibrium when:

• A) the pace of adjustment of prices and wages is sluggish.
• B) wages and prices are highly flexible.
• C) the long-run aggregate supply curve is upward sloping.
• D) the aggregate demand curve is vertical.

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Definitions:

Mean Length

An average measure that can refer to various contexts, such as the average length of utterance in language development studies, indicating the complexity of spoken language.

Syllables

Units of organization for a sequence of speech sounds, typically consisting of a vowel sound with or without surrounding consonants.

Conversational Acts

Actions that achieve goals through language.

Language

A system of communication using sounds or symbols that enables us to express our feelings, thoughts, ideas, and experiences.