In the Short Run, an Unexpected Increase in the Inflation

question 52

Multiple Choice

In the short run, an unexpected increase in the inflation rate leads to

• A) a higher unemployment rate.
• B) a lower unemployment rate.
• C) workers thinking the money wage rate has fallen.
• D) a decrease in aggregate demand.

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Definitions:

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The systematic process of determining and addressing needs or gaps between current conditions and desired conditions or wants.

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