Lumen OHM Assessment

Enable text based alternatives for graph display and drawing entry

Try another version of this question

The graph below shows the AD-AS diagram for Norway.

What type of the GDP gap is observed in Norway?

There is no recessionary or inflationary gap.
The economy is facing an inflationary gap.
The economy is facing a recessionary gap.

The graph below shows the AD-AS diagram for Canada.

What type of fiscal policy should the government of Canada be implementing to bring the economy to the long-run equilibrium?

There is no need for either contractionary or expansionary fiscal policy.
The government should implement expansionary fiscal policy.
The government should implement contractionary fiscal policy.

The graph below shows the AD-AS diagram for Norway.

What type of fiscal policy should the government of Norway implement to bring the economy to the long-run equilibrium?

There is no need for either contractionary or expansionary monetary policy.
The FED should implement expansionary monetary policy.
The FED should implement contractionary monetary policy.

↑

X

MathQuill

Basic
General
Intervals
Inequalities
Functions
Trig

x

x

√

ⁿ√

| |

( )

π

∞

DNE

x

√

( )

π

∞

DNE

( )

( ]

[ )

[ ]

—∞

∞

∪

DNE

<

>

≤

≥

or

All Real Numbers

DNE

log

log_n

ln

ⁿ√

| |

e

sin

cos

tan

arcsin

arccos

arctan

⟨ ⟩

[more..]