Figure 131 Alt Text for Figure 13

question 41

Multiple Choice

Figure 13.1 Alt text for Figure 13.1: In figure 13.1, a short-run Phillips curve.
Long description for Figure 13.1: The x-axis is labelled, unemployment rate percent, and the y-axis is labelled, inflation rate percent per year.A straight line labelled, Philips curve, begins at the top left corner and slopes down to the end of the x-axis.Point A is plotted half way along line Philips curve.Point B is plotted to the right of point A and point C is plotted is to the left of point A.Point D is plotted above this line, in the left center of the quadrant.Point E is plotted below this line, directly below point A.
-Refer to Figure 13.1.What should the Bank of Canada do if it wants to move from point A to point C in the short-run Phillips curve depicted in the figure above?

• A)buy government securities
• B)sell government securities
• C)raise the discount rate
• D)decrease the money supply
• E)raise taxes

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Definitions:

Display Rules

Socially and culturally learned norms that dictate the appropriate emotional responses in various situations.

Informal Standards

Unwritten but understood rules and expectations that influence behavior and practices within a group or organization.

Different Cultures

Refers to the variety of lifestyles, traditions, and beliefs held by groups of people from different backgrounds.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behavior and interactions.