Inflation Can Be Started by

question 121

Multiple Choice

Inflation can be started by

• A) a decrease in aggregate supply or a decrease in aggregate demand.
• B) an increase in aggregate supply or an increase in aggregate demand.
• C) an increase in aggregate supply or a decrease in aggregate demand.
• D) a decrease in aggregate supply or an increase in aggregate demand.

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Definitions:

Acidic

Having a pH less than 7, indicating a higher concentration of hydrogen ions in a solution, which gives it acidic properties.

Basic

In chemistry, basic describes substances with a pH greater than 7, possessing the ability to accept protons or donate electrons or hydroxide ions.

Metabolic Reactions

Chemical reactions in living organisms that are necessary for maintaining life, involving anabolism and catabolism.

Chemical Compounds

Chemical compounds are substances consisting of two or more different chemically bonded elements, with a fixed ratio determining the composition.