Inflation in the U.S.economy Tends to Be

question 40

Multiple Choice

Inflation in the U.S.economy tends to be

• A)a finite, one-time event resulting from a shock.
• B)ongoing, as increases in aggregate demand generally exceed the increases in aggregate supply.
• C)a finite, one-time event, as the Fed actively works to eliminate all inflation.
• D)ongoing, as aggregate supply is continually shifting to the left.

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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, initiating either confrontation or avoidance.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity by triggering the fight or flight response.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for rest and digestion functions.