If an Active Approach Is Followed in Closing an Expansionary

question 109

Multiple Choice

If an active approach is followed in closing an expansionary gap,_____.

• A)the aggregate demand curve would shift rightward
• B)the aggregate demand curve would shift leftward
• C)the short-run aggregate supply curve would shift rightward
• D)the short-run aggregate supply curve would shift leftward
• E)there would be a movement up and to the left along the short-run supply curve

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Definitions:

Monthly Weighted

Refers to averaging or aggregating financial or statistical measures over a month with differing weights applied to the data points, taking into account their relative importance or volume within that period.

Admittance

Refers to the permission granted for entry into a system or location, or in electrical engineering, it’s the measure of how easily an alternating current flows through a conductor.

Partnership

A legal arrangement between two or more parties who agree to do business together and share its profits and losses.