A Major Reason Why It Is So Difficult to Eliminate

question 95

Multiple Choice

A major reason why it is so difficult to eliminate a sustained inflation is that inflationary expectations

• A)make it impossible to reduce aggregate expenditure.
• B)keep shifting the AS curve downward.
• C)make it impossible to stop the rightward shift of the AD curve.
• D)keep shifting the AS curve upward.
• E)cannot be influenced by monetary policy.

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Definitions:

Median

The value located at the midpoint of an arranged dataset, in order from smallest to largest or reverse, is known as the median.

Mean

The average of a set of numbers, calculated by summing them together and then dividing by the number of values.

Rounding Rules

Guidelines or conventions for approximating a numerical value to a desired level of precision, often to simplify calculations or presentation.