st: Exam #8 Time Remaining: 022315 s Question: 6 pts 11 of 20 This Test: 120 p e

Question

st: Exam #8 Time Remaining: 022315 s Question: 6 pts 11 of 20 This Test: 120 p efer to the figure at right Government policy that moved the economy from A to would be accomplished by U" raising the minimum wage. cause workers to remain unemployed longer than they were before. policy policy A. B. a contractionary policy that would reduce the rate of inflation and would D c. an expansionary fiscal poliloy combined with a contractionary monetary D. a contractionary fiscal policy combined with an expansionary monetary B I 3 4 5 6 Cick to setect your answer Save for Later

Explanation / Answer

Option B.

The movement from A to B will happen when a contractionary policy would reduce the rate of inflation and would cause the workers to remain unemployed longer than they were before. Rate of inflation falls and unemployment rate increases with the imposition of contractionary policy.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.