(Figure: Policy Changes in the Short Run) to Move the Economy

question 201

Multiple Choice

(Figure: Policy Changes in the Short Run) To move the economy from point a to point b in the short run, policymakers implement _____ monetary policy, thereby accepting _____ to reduce _____.

• A) expansionary; more unemployment; the rate of inflation
• B) contractionary; a higher rate of inflation; unemployment
• C) expansionary; a higher rate of inflation; unemployment
• D) contractionary; more unemployment; the rate of inflation

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Definitions:

African-Americans

A demographic group in the United States consisting of individuals with partial or total ancestry from any of the black racial groups of Africa.

European-Americans

Individuals in the United States who have origins in any of the original peoples of Europe.

Divorce

The formal termination of matrimony through the verdict of a court or an authorized institution.

Childcare

The care and supervision of a child or children, typically from infancy through early childhood, by a person other than the child's parents.