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Figure 16-4 -Refer to Figure 16-4. If the Economy Is at Point

Question 3

Multiple Choice

Figure 16-4 Figure 16-4 -Refer to Figure 16-4. If the economy is at point c and the Bank of Canada pursues an expansionary monetary policy, then the economy will move to which of the following points in the short and long run? A) point b in the short run and point c in the long run B) point m in the short run and point c in the long run C) point d in the short run and point h in the long run D) point h in the short run and point d in the long run
-Refer to Figure 16-4. If the economy is at point c and the Bank of Canada pursues an expansionary monetary policy, then the economy will move to which of the following points in the short and long run?


A) point b in the short run and point c in the long run
B) point m in the short run and point c in the long run
C) point d in the short run and point h in the long run
D) point h in the short run and point d in the long run

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