Exhibit 15-1 -Refer to the Graph in the Exhibit.According to Policymakers Who

question 118

Multiple Choice

Exhibit 15-1

-Refer to the graph in the exhibit.According to policymakers who favour a passive approach to policy, how will the economy attain equilibrium at potential output?  

• A) The SRAS curve will shift to the left.
• B) Real wages will fall, shifting the SRAS curve to the right.
• C) Either the money supply or government spending will be increased.
• D) Either the money supply or government spending will be decreased.

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User Activities

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Opinions that differ from the majority view, especially those differing from official verdicts or commonly held beliefs.

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