Use the Following to Answer Questions

question 282

Multiple Choice

Use the following to answer questions:
-(Figure: Fiscal Policy Options) Refer to Figure: Fiscal Policy Options.If the aggregate demand curve is AD:

• A) a contractionary fiscal policy may be warranted.
• B) an expansionary fiscal policy may be warranted.
• C) the economy is in long-run equilibrium.
• D) the economy is experiencing an inflationary gap.

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