An Economy Adjusts on Its Own to Close an Inflationary

question 85

Multiple Choice

An economy adjusts on its own to close an inflationary gap because there is

• A) pressure on nominal wages to fall and this shifts the SRAS curve rightward.
• B) pressure on nominal wages to rise and this shifts the SRAS curve rightward.
• C) pressure on nominal wages to fall and this shifts the SRAS curve leftward.
• D) pressure on nominal wages to rise and this shifts the SRAS curve leftward.

---

Definitions:

Federal Court System

The judiciary system of the United States, comprising various levels of courts including the Supreme Court at the apex.

Jurisdiction Types

Jurisdiction Types refer to the various kinds of legal authority that courts have to hear and decide cases, including geographic jurisdiction, subject matter jurisdiction, and personal jurisdiction.

Case Types

The classification of legal cases based on their nature, such as criminal, civil, family, and small claims, among others.

U.S. Supreme Court

The U.S. Supreme Court is the highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.