Figure 12.2 -Refer to Figure 12.2.Suppose the Economy Is Initially Above Potential

question 8

Multiple Choice

Figure 12.2

-Refer to Figure 12.2.Suppose the economy is initially above potential GDP,and the actual inflation rate is greater than the expected inflation rate.If the Bank of Canada wants to achieve the goal of price stability,this would be represented by a movement on the Phillips curve from

• A) point A to point B.
• B) point C to point B.
• C) point B to point A.
• D) point A to point B to point C.

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Definitions:

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Full Day

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