An Inflationary Gap Will Eliminate Itself Through a Process of Price

question 90

True/False

An inflationary gap will eliminate itself through a process of price increases.

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Definitions:

Proposal

An offer made by one party to another, intending to create a legal obligation upon acceptance.

Clickwrap

A legal agreement which a user accepts by clicking on an "I agree" or similar button during software installations or within online services.

Browse-wrap

A type of online agreement where acceptance is implied through the use of the website, without requiring an explicit agreement from the user.

Promissory Estoppel

A principle enforcing a party’s promise to prevent injustice, even if the promise was not formalized into a contract.