Use the Following to Answer Questions

question 211

Multiple Choice

Use the following to answer questions
Figure: Policy Changes in the Short Run
-(Figure: Policy Changes in the Short Run) To move the economy in the short run from point a to point b,policymakers implement _______ monetary policy,thereby accepting _______ to reduce _______.

• A) expansionary;more unemployment;the rate of inflation
• B) contractionary;a higher rate of inflation;unemployment
• C) expansionary;a higher rate of inflation;unemployment
• D) contractionary;more unemployment;the rate of inflation

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Definitions:

Significance Level

The threshold at which the results of a statistical test are considered to be statistically significant.

Population Mean

The average value of all observations or measurements in a given population.

Random Sample

A subset of a population selected in a manner that ensures each member has an equal chance of being chosen.

News Narrative

The way news stories are structured and presented to convey a particular perspective or theme.