Use the Following to Answer Questions

question 126

Multiple Choice

Use the following to answer questions .
Exhibit: The Inflation-Unemployment Cycle
-(Exhibit: The Inflation-Unemployment Cycle) Expansionary policy to counter a recessionary gap would move the economy from point:

• A) 1 to 2.
• B) 3 to 2.
• C) 3 to 4.
• D) 4 to 3.

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Definitions:

Proposition

An expression or proclamation that signifies a belief or conclusion, which may be valid or not.

Obverse

The statement formed by negating both the subject and predicate of a given categorical proposition and changing the quality from affirmative to negative, or vice versa.

Proposition

In philosophy, a content of thought expressed in language or symbols that can be analyzed as either true or false.

Converse

In logic, a statement formed by reversing the antecedent and consequent in a conditional statement; if the original statement is "If P, then Q," the converse is "If Q, then P."