Multiple Choice
Figure 13.3
Panel (a) Panel (b)
-Refer to Figure 13.3.If exchange rates are floating,an expansionary fiscal policy and the typical central bank response to the change in inflation caused by the fiscal policy would best be represented by a movement from ________ in panel (a) and a corresponding movement from ________ in panel (b) .
A) point A to point D; point X to point Y
B) point C to point B; point X to point Y
C) point D to point A; point Y to point X
D) point B to point C; point Y to point X
Correct Answer:
Verified
Correct Answer:
Verified
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