According to the Great Moderation Consensus, Expansionary Fiscal Policy Will

question 288

Multiple Choice

According to the Great Moderation consensus, expansionary fiscal policy will shift the aggregate demand curve to the _____ and lead to a _____ level of output and a _____ level of employment in the short run.

• A)right; higher; higher
• B)left; lower; lower
• C)right; higher; lower
• D)left; lower; higher

---

Definitions:

Estates

Social or economic classes, particularly those seen in pre-modern societies, or refers to a large area of land owned by an individual or family.

Michael Blakey

An American anthropologist, bioarchaeologist, and professor known for his work in the field of human skeletal biology and the study of historical impacts on African American populations.

Institution of Slavery

A social and economic system in which individuals are owned by others, deprived of personal freedom and forced to work.

Dalits

A term used in India and Nepal to refer to individuals historically regarded as belonging to the lowest caste in the caste system and subject to social exclusion and discrimination.