Figure 17-2 -Refer to Figure 17-2.Suppose the Fed Used Expansionary Policy to Expansionary

question 234

Multiple Choice

Figure 17-2
-Refer to Figure 17-2.Suppose the Fed used expansionary policy to push short-run equilibrium to point B.If the short-run equilibrium remained at point B long enough

• A)the short-run Phillips curve would shift up.
• B)the short-run Phillips curve would shift down.
• C)the economy would move back to point A.
• D)the economy would stay at point B in the long run.

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Definitions:

Montane Successional Gradient

The sequence of community changes which occur on a mountain over time, from pioneer species to a stable climax community.

Eutrophication

An increase in the concentration of chemical nutrients in an ecosystem to an extent that increases the growth of algae and higher plants, often resulting in the depletion of oxygen.

Conifers

A group of cone-bearing seed plants, mostly evergreens, that include pines, spruces, and firs, known for their needle-like or scale-like leaves.

Produce Seeds

The biological process in which plants and some other organisms generate seeds to reproduce and pass genetic information to the next generation.