Figure 17-7 Use This Graph to Answer the Questions Below

question 80

Multiple Choice

Figure 17-7
Use this graph to answer the questions below.

-Refer to figure 17-7. If the economy starts at 5% unemployment and 5% inflation then if the Federal Reserve pursues a contractionary monetary policy, in the short run the economy moves to

• A) 3% unemployment and 5% inflation. In the long run the economy moves to 5% unemployment and 5% inflation.
• B) 3% unemployment and 5% inflation. In the long run the economy moves to 5% unemployment and 3% inflation.
• C) 7% unemployment and 3% inflation. In the long run the economy moves to 5% unemployment and 5% inflation.
• D) 7% unemployment and 3% inflation. In the long run the economy moves to 5% unemployment and 3% inflation.

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Definitions:

Supernatural Forces

Powers or entities beyond scientific understanding or the laws of nature, often involved in religious, mythological, or spiritual beliefs.

Dogon Sculpture

Traditional sculptures created by the Dogon people of Mali, known for their religious significance and representation of figures.

Kongo Sculpture

Traditional sculptures from the Kongo people of central Africa, which often hold spiritual significance and are used in rituals and as symbols of authority.

Animal Sacrifices

are rituals performed in various religions where animals are offered to gods or deities, believed to appease them or seek their favor.