Author Question: Refer to Figure 16-4.In the graph above, suppose the economy is initially at pointA. The ... (Read 144 times)

bobbie · **on:** Mar 16, 2019

Question 1

Figure 16-3

Refer to Figure 16-3. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?

◦ a decrease in income taxes
◦ a decrease in interest rates
◦ a decrease in government purchases
◦ an increase in the money supply

Question 2

Figure 16-4

Refer to Figure 16-4. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?

◦ an increase in transfer payments
◦ an increase in interest rates
◦ an increase in the marginal income tax rate
◦ an open market purchase of Treasury bills

cassie_ragen · **Reply #1 on:** Mar 16, 2019

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