Part 1 (0.3 point) Suppose the Fed's main concern during this time is the high unemployment. To bring the unemployment r

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Part 1 0 3 Point Suppose The Fed S Main Concern During This Time Is The High Unemployment To Bring The Unemployment R 1 (184.27 KiB) Viewed 8 times

Part 1 (0.3 point) Suppose the Fed's main concern during this time is the high unemployment. To bring the unemployment rate back down to the natural rate, will the Fed pursue an expansionary or contractionary policy? Illustrate on the graph below by shifting the AD curve in the appropriate direction. 160 150 140 130 Price level 120 110 100 90 80 70 2 OF 4 QUESTIONS COMPLETED AD-AS model LRAS SRAS2 SRAST < 03/04 > SUBMIT ANSWER