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question 297

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Use the following to answer questions :
Figure: Monetary Policy I Use the following to answer questions : Figure: Monetary Policy I   -(Figure: Monetary Policy I)  Look at the figure Monetary Policy I. If the economy is initially in equilibrium at E<sub>2</sub> and the central bank chooses to buy Treasury bills, _____ shift to _____ a(n)  _____ gap. A) AD<sub>2</sub> will; right, causing; inflationary B) AD<sub>2</sub> may; AD<sub>1</sub>, causing; recessionary C) AD<sub>1</sub> may; AD<sub>2</sub>, closing; recessionary D) AD<sub>1</sub> will; left, increasing; recessionary
-(Figure: Monetary Policy I) Look at the figure Monetary Policy I. If the economy is initially in equilibrium at E2 and the central bank chooses to buy Treasury bills, _____ shift to _____ a(n) _____ gap.


Definitions:

Land Redistribution

The process of reallocating land, often by government authority, to redistribute property from one group to another.

Legal Representation

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Special Field Order 15

A military directive issued during the American Civil War that confiscated as Union property a strip of coastline stretching from Charleston, South Carolina, to the St. John's River in Florida, and redistributed the land to freed former slaves.

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