Inflation Occurs Over Time as a Result of

question 105

Multiple Choice

Inflation occurs over time as a result of

• A)long- run aggregate supply increasing faster than short- run aggregate supply.
• B)long- run aggregate supply increasing faster than aggregate demand.
• C)decreases in aggregate demand.
• D)aggregate demand increasing faster than long- run aggregate supply.

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Definitions:

Bundle A

Not a standardized economic term without context; appears to be a placeholder name for a specific set of goods and services.

Budget Constraint

An economic model that represents all the combinations of goods and services that a consumer can afford given current prices within their income level.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer gains from consuming one more unit of a good or service.

Fresh Fruit Topping

Freshly cut fruits used as an additional decorative and flavorful layer on desserts and other dishes.