Refer to the Graphs Above, in Which the Numbers in Parentheses

question 164

Multiple Choice

Refer to the graphs above, in which the numbers in parentheses near the AD₁, AD₂, and AD₃ labels indicate the levels of investment spending associated with each curve. All figures are in billions. A shift in the aggregate demand curve from AD₃ to AD₂ can be achieved by Federal Reserve action to:

• A) Increase the reserve ratio
• B) Increase the discount rate
• C) Buy government securities in the open market
• D) Sell government securities in the open market

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