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Author Question: Refer to Figure 16-5. In the dynamic model of AD-AS in the figure above, if the economy is at point ... (Read 110 times)

cmoore54

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on: Jun 29, 2018
Refer to Figure 16-5. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely pursue
 
  A) expansionary fiscal policy.
  B) expansionary monetary policy.
  C) contractionary fiscal policy.
  D) contractionary automatic stabilizers.
  E) contractionary monetary policy.

Question 2

What does the phrase post hoc, ergo propter hoc mean?
 
  What will be an ideal response?


ryhom

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Literally it means, after this (in time),therefore because of this. It is common error made in thinking about causation: If Event A happens before Event B, it is not necessarily true that A caused B.


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