Figure 34-2. Suppose That Banks Are Less Able to Raise Funds and Raise

question 33

Multiple Choice

Figure 34-2.
Suppose that banks are less able to raise funds and so lend less. Consequently, because people and households are less able to borrow, they spend less at any given price level than they would otherwise. The crisis is persistent so lending should remain depressed for some time.
-Refer to Figure 34-2.The appearance of the long-run aggregate-supply (LRAS) curve

• A)is inconsistent with the concept of monetary neutrality.
• B)is consistent with the idea that point A represents a long-run equilibrium but not a short-run equilibrium when the relevant short-run aggregate-supply curve is AS₁.
• C)indicates that Y₁ is the natural rate of output.
• D)All of the above are correct.

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Definitions:

Feminist Typologies

Classifications of feminist thought that delineate various ideologies and approaches within the feminist movement.

Material Power

The ability or capacity to influence or control others through the possession or access to material resources, such as wealth or technology.

Cultural Meanings

The shared significance or value assigned to objects, actions, and ideas within a culture, shaping how they are understood and interpreted.

Implicit Feminist Assumptions

Unstated or indirect beliefs grounded in feminist theories that influence perspectives or analyses without being explicitly expressed.