Figure 27-3 -Refer to Figure 27-3.In the Dynamic Model of AD-AS in Model

question 47

Multiple Choice

Figure 27-3

-Refer to Figure 27-3.In the dynamic model of AD-AS in the figure above,if the economy is at point A in year 1 and is expected to go to point B in year 2,Congress and the president would most likely pursue

• A) expansionary fiscal policy.
• B) contractionary fiscal policy.
• C) expansionary monetary policy.
• D) contractionary monetary policy.
• E) expansionary automatic stabilizers.

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