If AD Increases at a Faster Rate Than AS, the Result

question 52

Multiple Choice

If AD increases at a faster rate than AS, the result will be

• A)demand-side inflation.
• B)supply-side inflation.
• C)falling prices.
• D)stable prices.

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Definitions:

Corporate Conglomeration

The process by which a corporation expands its business into different and unrelated sectors or the state of being a large and varied group of businesses.

Studio System

A method of film production and distribution dominated by a small number of "major" studios in Hollywood from the 1920s to the 1950s.

Production Code Administration

A regulatory body in the film industry that enforced the Hays Code, dictating moral content guidelines for films from the 1930s to the 1960s in the United States.

Renovation

The process of improving or modernizing a structure, often involving repairs, construction, and aesthetic enhancements.