Inflation in the Short Run Is Most Likely to Result

question 44

Multiple Choice

Inflation in the short run is most likely to result from a(n)

• A)increase in aggregate demand or aggregate supply.
• B)decrease in aggregate demand or aggregate supply.
• C)increase in aggregate demand or a decrease in aggregate supply.
• D)decrease in aggregate demand or an increase in aggregate supply.

---

Definitions:

Traditional Beliefs

Customs, narratives, and values inherited from one's culture or society that have been passed down over generations.

Pluralistic Societies

Societies characterized by the coexistence of several distinct cultural or ethnic groups within a given territory.

Politically Centralized States

States characterized by a concentration of political power and authority in a centralized government or leader.

Ethnic Diaspora

A large group of people with a shared heritage or homeland who live in different places around the world.