Refer to Figure 12.3 for the Following Question

question 24

Multiple Choice

Refer to Figure 12.3 for the following question.
Figure 12.3

-Refer to Figure 12.3. In this figure, suppose the economy in Year 1 is at point A and expected in Year 2 to be at point B. Which of the following policies could the Reserve Bank of Australia use to move the economy to point C?

• A)decrease income taxes
• B)increase government spending
• C)buy financial securities
• D)sell financial securities

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Definitions:

Printing Press

A machine for applying pressure to an inked surface resting upon print media (such as paper or cloth), thereby transferring an image; revolutionized publishing and the dissemination of information.

Rayonnant Style

A phase of Gothic architecture characterized by a marked increase in the use of decorative elements, large windows, and elaborate tracery.

Masterpiece

A work of art, literature, music, or other creative fields that is considered an artist's greatest work or of outstanding value.

Reims Cathedral

A masterpiece of Gothic architecture in France, celebrated for its stunning facades, sculptures, and significant role in the coronation of French monarchs.