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Refer to the Graph Shown

Question 138

Multiple Choice

Refer to the graph shown. In 1975 U.S. President Gerald Ford instituted a large tax cut. At the same time, the Fed expanded the money supply. The effect of these policies on the AD curve is best shown as a movement from: Refer to the graph shown. In 1975 U.S. President Gerald Ford instituted a large tax cut. At the same time, the Fed expanded the money supply. The effect of these policies on the AD curve is best shown as a movement from: A) A to B. B) D to A. C) A to D. D) B to A.


A) A to B.
B) D to A.
C) A to D.
D) B to A.

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