What Will Occur in the Short Run If There Is

question 5

Multiple Choice

What will occur in the short run if there is cost-push inflation and the government adopts a hands-off approach to it?

• A) an increase in real output
• B) an inflationary spiral
• C) low unemployment and a loss of real output
• D) high unemployment and a loss of real output

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Definitions:

Alertness

The state of being vigilant, awake, and attentive to the environment, enabling quick responses to changes or potential threats.

Content

Information or material contained within a medium, such as text, video, audio, or any other item that can be communicated.

Cognition

Encompasses all mental abilities and processes related to knowledge, understanding, reasoning, and awareness.

Blindsight

A condition in which a person can respond to visual stimuli without consciously perceiving them, typically due to damage to the primary visual cortex.