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Refer to the Figure below to answer the following question. Price level LRAS1 LRAS2 SRAS, SRAS2 104 C 102 B 100 AD2 (with policy) AD2

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Refer to the Figure below to answer the following question. Price level LRAS1 LRAS2 SRAS, SRAS2 104 C 102 B 100 AD2 (with policy) AD2 (without policy) AD, 0 14 14.7 15 Real GDP Which of the following monetary policies could the Reserve Bank of Australia use to move the economy from point B to point C? O a. Increase government spending O b. Sell bonds O c. Buy bonds O d. Decrease income taxes

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