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If the Economy Is at Potential Output and the Bank

question 28

Multiple Choice

If the economy is at potential output and the Bank of Canada increases the money supply,in the short run the likely result will be a(n) _____ in investment and a(n) _____ in consumption.


Definitions:

Medical Assistant

A healthcare professional who supports the work of physicians and other health professionals, usually in a clinic setting, through a variety of tasks.

POL

Abbreviation for Point Of Lay, referring to the age at which poultry are ready to start laying eggs; can also stand for Physicians' Office Laboratory, a lab within a physician's office.

Supplies

Materials and items necessary for carrying out a process or activity, especially in professions like healthcare or education.

PPE

Personal Protective Equipment; items worn to minimize exposure to hazards that can cause workplace injuries and illnesses.

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