Inflation in the Short Run Is Most Likely to Result

question 69

Multiple Choice

Inflation in the short run is most likely to result from a(n)

• A) increase in aggregate demand or aggregate supply.
• B) decrease in aggregate demand or aggregate supply.
• C) increase in aggregate demand or a decrease in aggregate supply.
• D) decrease in aggregate demand or an increase in aggregate supply.

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Definitions:

Capitalist Ideology

A belief system that supports the principles of capitalism, emphasizing private property, free markets, and the profit motive as key to economic development.

Chances of Success

The likelihood or probability that an individual or entity will achieve desired goals or outcomes, often influenced by various social, economic, and personal factors.

Blaming the Victim

The tendency to hold individuals responsible for the misfortunes that befall them, often ignoring external factors that may have contributed.

Deindustrialization

The transformation of an economy from one based on manufacturing to one based on services.