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-Exhibit 16

Question 31

Multiple Choice

-Exhibit 16.5 shows a Phillips curve. Beginning at point a, if fiscal or monetary policy is used to stimulate output and thereby reduce unemployment, the economy will move from _____ A) point a to point b. B) point b to point a. C) point a to point c. D) point a to point d. E) point c to point d.
-Exhibit 16.5 shows a Phillips curve. Beginning at point a, if fiscal or monetary policy is used to stimulate output and thereby reduce unemployment, the economy will move from _____


A) point a to point b.
B) point b to point a.
C) point a to point c.
D) point a to point d.
E) point c to point d.

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