Economists Agree That

question 99

Multiple Choice

Economists agree that

• A)neither high inflation nor moderate inflation is very costly.
• B)both high and moderate inflation are quite costly.
• C)high inflation is costly, but they disagree about the costs of moderate inflation.
• D)moderate inflation is as costly as high inflation.

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Definitions:

Hold-Off Circuit

The air brake circuit used to charge air to the spring brake chambers to compress the park spring. The hold-off circuit must be charged with air before a vehicle with spring brakes can move.

Service Brake Priority

A trailer air brake circuit in which air is routed first to the trailer reservoirs when the trailer supply valve (on the tractor) is activated. This means that air pressure must exceed 60 psi in the reservoirs before the hold-off circuit will charge and release the parking brakes.

Reservoirs

Structures or natural formations used for storing water or other fluids.

Hold-Off Pressure

The pressure needed to prevent a fluid or gas from moving forward or leaking in a system.