Figure 16-4 -Refer to Figure 16-4. If the Economy Is at Point

question 3

Multiple Choice

Figure 16-4
-Refer to Figure 16-4. If the economy is at point c and the Bank of Canada pursues an expansionary monetary policy, then the economy will move to which of the following points in the short and long run?

• A)point b in the short run and point c in the long run
• B)point m in the short run and point c in the long run
• C)point d in the short run and point h in the long run
• D)point h in the short run and point d in the long run

---

Definitions:

Private Law

The branch of law that deals with relationships between individuals or institutions, rather than relations between these and the state.

Disputes

Conflicts or disagreements, often arising from differences in opinion, interests, or interpretations between individuals or organizations.

Individuals

Pertains to human beings as separate persons.

Prosecuted

To officially charge someone with a crime and proceed with legal action against them in a court of law.