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 111 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
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

  • Sr. Member
  • ****
  • Posts: 366
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library