Use the Following to Answer Questions

question 45

Multiple Choice

Use the following to answer questions:
-(Figure: AD-AS) Refer to Figure: AD-AS.If our economy is at equilibrium with low-level inflation and the Bank of Canada uses expansionary monetary policy,the initial effect is that _____ will shift to _____ and the economy will move from _____.

• A) AD₁;AD₂;E₁ to E₂
• B) SRAS₁;SRAS₂;E₂ to E₃
• C) SRAS₂;SRAS₁;E₃ to E₂
• D) AD₂;AD₁;E₂ to E₁

---

Definitions:

Self-Directed Learning

A learning process where individuals take initiative, with or without the help of others, in diagnosing their learning needs, formulating learning goals, identifying human and material resources for learning, choosing and implementing appropriate learning strategies, and evaluating learning outcomes.

Classroom Instruction

A method of teaching conducted in a physical room designated for educational purposes where a teacher provides lessons to students.

Activities

encompasses tasks or actions taken by individuals or groups towards achieving specific goals or objectives.

E-Learning

Learning that takes place via electronic media.