Figure 122 Alt Text for Figure 12

question 288

Multiple Choice

Figure 12.2 Alt text for Figure 12.2: In figure 12.2, a graph comparing real GDP and price level.
Long description for Figure 12.2: The x-axis is labelled, real GDP (trillions of 2007 dollars) and the y-axis is labelled, price level (CPI) .3 lines are shown; AD, LRAS, and SRAS.Line AD begins at the top left corner and slopes down to the end of the x-axis.Line SRAS begins near the bottom left corner and slopes up to the top right corner.Line LRAS is perpendicular to the x-axis, and intersects lines AD and SRAS at point A.
-Refer to Figure 12.2.In the graph above, if the economy is at point A, an appropriate fiscal policy by the federal government would be to

• A)decrease the required reserve ratio.
• B)sell government securities.
• C)increase government expenditures.
• D)decrease transfer payments.
• E)increase the marginal income tax rate for the 1%.

---

Definitions:

Minbar

In a mosque, the pulpit on which the imam stands.

Minaret

A distinctive feature of mosque architecture, a tower from which the faithful are called to worship.

Muezzin

The person appointed at a mosque to lead and recite the call to prayer (Adhan) for every event of prayer and worship in the mosque.

Abbasids

A dynasty that ruled the Islamic Caliphate from 750 to 1258, known for their cultural achievements and the establishment of Baghdad as their capital.