Figure 16-4

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

Question

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

Quizplus · Accepted Answer

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

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