Figure 13.3 Panel (A) Panel (B)

question 51

Multiple Choice

Figure 13.3

Panel (a) Panel (b)
-Refer to Figure 13.3.If exchange rates are floating,fiscal policy designed to reduce the federal deficit and the typical central bank response to the change in inflation caused by the fiscal policy would best be represented by a movement from ________ in panel (a) and a corresponding movement from ________ in panel (b) .

• A) point A to point D; point X to point Y
• B) point C to point B; point X to point Y
• C) point D to point A; point Y to point X
• D) point B to point C; point Y to point X

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Marketing Concept

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