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

question 4

Multiple Choice

Figure 16-4
-Refer to the 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 point 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