-Refer to the Above Figure

question 82

Multiple Choice

-Refer to the above figure. Unexpected expansionary monetary policy has caused the aggregate demand curve to shift to AD2. In the long run

• A) real GDP will be Y1, and the price level will be P1.
• B) real GDP will be Y2, and the price level will be P2.
• C) real GDP will be Y1, and the price level will be above P2.
• D) real GDP will be between Y1 and Y2, and the price level will be between P1 and P2.

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Definitions:

Temporary Assistance

Short-term aid provided to individuals or entities in financial or material need.

Needy Families

Refers to households that require financial assistance or social support to meet their basic needs.

Statistical Discrimination

The practice of judging an individual on the basis of the average characteristics of the group to which he or she belongs rather than on his or her own personal characteristics.

Occupational Discrimination

Unfair treatment of workers based on race, gender, age, religion, or other personal characteristics unrelated to job performance.