According to the Simple Extended AD-AS Model, Cost-Push Inflation Does

question 145

True/False

According to the simple extended AD-AS model, cost-push inflation does not last in the long run if the government leaves the economy alone.

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Definitions:

Skewed Negatively

Skewed negatively, also known as left-skewed, refers to a distribution in statistics where the tail is longer on the left side of the distribution's peak, indicating that a majority of the data points are located to the right of the mean.

Distribution

In statistics, it refers to the way in which data points are spread or dispersed across different values.

Values

Numerical or categorical data points that represent measurement or identification in a given context.

Skewed Negatively

A description of a distribution of data where the majority of values are concentrated on the right of the mean, leading to a longer tail on the left side.