Figure 17-1 -Refer to Figure 17-1.Suppose That the Economy Is Currently at Is

question 96

Multiple Choice

Figure 17-1
-Refer to Figure 17-1.Suppose that the economy is currently at point A on the short-run Phillips curve in the figure above,and the unemployment rate at A is the natural rate.If the economy was to move to point C,which of the following must be true?

• A)The economy is producing a level of GDP equal to potential GDP.
• B)Aggregate demand must have decreased.
• C)Equilibrium GDP at point C must be above potential GDP.
• D)The Fed conducted contractionary policy to cause the move.
• E)The Fed sold treasury bills to cause the move.

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The Resource Conservation and Recovery Act, a United States federal law governing the disposal of solid and hazardous waste.

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The Workplace Hazardous Materials Information System, a Canadian system for providing information on the safe use of hazardous materials used in workplaces.

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A safety feature in boots and shoes where a steel cap is inserted in the toe box, protecting the foot from falling objects or compression.

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Durable footwear made from leather, designed to provide protection and support for the feet in various work environments.