The Cycle of Innovation Has Recently

question 52

Multiple Choice

The cycle of innovation has recently:

• A)Speeded up
• B)Slowed down
• C)Become more aggressive
• D)Become more uncertain

---

Definitions:

Expected Inflation

The anticipated rate at which the general level of prices for goods and services will rise over a period of time, affecting the purchasing power of a currency.

Short-Run Phillips Curve

A graphical representation showing the short-term trade-off between inflation and unemployment rates.

Inflation

The rate of increase in the collective pricing for goods and services, lessening consumer purchase strength.

Less Optimistic

Feeling or expressing a lower expectation that good events will occur or that negative events will not happen.