Figure 15-10 -Refer to Figure 15-10.In the Figure Above,suppose the Economy Is

question 262

Multiple Choice

Figure 15-10
-Refer to Figure 15-10.In the figure above,suppose the economy is initially at point A.The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by the Federal Reserve?

• A)an increase in income taxes
• B)a decrease in the required reserve ratio
• C)an open market purchase of Treasury bills
• D)an open market sale of Treasury bills

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Definitions:

Key Ideas

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Diversity

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Chronology

The arrangement of events or dates in the order of their occurrence.

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