Long-Term Inflation Is Principally

question 88

Multiple Choice

Long-term inflation is principally

• A)the result of chronic federal budget deficits.
• B)the result of the slowdown in the growth rate of aggregate supply since 1973.
• C)caused by excess wage demands by unionized workers.
• D)a monetary phenomenon.

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Definitions:

Genetic Traits

Inherited characteristics passed from parents to offspring through genes.

Behavioral Traits

Characteristics or habits of an individual's behavior that are consistent over time and can be observed.

Species-General

Characteristics or behaviors that are common across all members of a species.

Learned Response

A reaction developed as a result of experience or practice, which differs from innate or reflexive responses not dependent on prior exposure.