What Will Occur in the Short Run If There Is

question 15

Multiple Choice

What will occur in the short run if there is cost-push inflation and if the government adopts a hands-off approach to it?

• A)an increase in long-run aggregate supply
• B)a decrease in long-run aggregate supply
• C)low unemployment and a loss of real output
• D)high unemployment and a loss of real output

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Definitions:

Vague Terms

Phrases or words that lack clarity or specificity and can lead to misunderstandings or ambiguous interpretations.

Jargon

Specialized language used by a particular group or profession, designed to convey complex ideas efficiently among members, but often difficult for outsiders to understand.

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Adjusting language or communication to make it more directly related to or reflective of an individual's experiences, feelings, or perspectives.

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The act of making a statement or situation less confused and more understandable, often used in communication to ensure mutual understanding.