Which of the Following Groups of Economists Believe That Cost-Push

question 134

Multiple Choice

Which of the following groups of economists believe that cost-push inflation is impossible in the long run without excessive monetary growth?

• A)mainstream economists and monetarists
• B)mainstream economists and rational expectations economists
• C)monetarists and rational expectations economists
• D)mainstream economists, monetarists, and rational expectations economists

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Definitions:

Visual World

The aspect of the environment that can be perceived visually, encompassing everything that is visible to the eye.

Johannes Müller

A 19th-century German physiologist known for his contributions to the doctrine of specific nerve energies, which suggests that the nature of a sensation depends on which sensory fibers are stimulated.

Doctrine of Specific Energies

A theory suggesting that the nature of a sensation depends on which sensory fibers are stimulated, not on how they are stimulated.

Coping Strategies

Techniques or methods used by individuals to deal with stressful situations or challenges.