-Refer to the Above Figure

question 13

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) the unemployment rate will be the same rate as before the expansionary monetary policy.
• B) the unemployment rate will be larger than the rate before the expansionary monetary policy.
• C) the unemployment rate will be smaller than the rate before the expansionary monetary policy.
• D) the unemployment rate can increase or decrease depending upon how much the LRAS will shift.

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Definitions:

Vacancy Model

A framework used for understanding or predicting employment vacancies within an organization, focusing on the causes and durations of vacancies and strategies for filling them.

Compensation Level

The amount of money, benefits, and rewards that an organization provides to its employees in exchange for their work and expertise.

Retain Existing Staff

The strategies and practices employed by organizations to keep their current employees engaged, motivated, and committed to the company.

High-Quality Personnel

Employees who are highly skilled, knowledgeable, and capable of contributing significantly to an organization's success.