-In the above figure, suppose the economy is in short-run equilibrium at point D. Which of the following is the best policy option for the Fed?
Definitions:
Productivity
A measure of the efficiency of a person, machine, system, or industry in converting inputs into useful outputs.
Fair Labor Standards Act
Legislation aimed at protecting workers by setting minimum wage, overtime pay eligibility, and child labor laws.
U.S. Citizen
A person who has acquired the legal status of citizenship in the United States, either by birth within its territory or through naturalization.
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