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Author Question: Refer to Figure 2-1. Point C is A) technically efficient. B) unattainable with current ... (Read 48 times)

maegan_martin

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on: Jun 29, 2018
Refer to Figure 2-1. Point C is
 
  A) technically efficient.
  B) unattainable with current resources.
  C) inefficient in that not all resources are being used.
  D) is the equilibrium output combination.

Question 2

Refer to Figure 17-9. A follower of the new classical macroeconomics would argue that a contractionary monetary policy to lower inflation after a supply shock, like that pursued by Volcker in 1979, would result in a movement from
 
  A) C to D to A. B) A to C. C) A to D to C. D) A to B. E) C to A.


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fffftttt

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

B

Answer to Question 2

E


maegan_martin

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Reply #2 on: Jun 29, 2018
Thank you :)


fffftttt

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Reply #3 on: Jun 29, 2018
Happy to help you


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