In the Short Run, If the Actual Rate of Inflation

question 242

Multiple Choice

In the short run, if the actual rate of inflation falls lower than the expected rate, then

• A) profits will temporarily fall and unemployment will temporarily rise.
• B) profits will temporarily rise and unemployment will temporarily fall.
• C) nominal wages will rise, profits will rise, and unemployment will fall.
• D) nominal wages will fall, profits will fall, and unemployment will rise.

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Definitions:

Major Organic Products

The primary substances formed in significant quantities after the completion of an organic reaction.

Mechanism

The sequence of steps, including breaking and forming of bonds, through which a chemical reaction proceeds.

Intermediates

Chemically reactive species that are formed from the reactants and proceed to make the final product in a chemical reaction.

Electron Pushing

A technique used in organic chemistry to understand the mechanism of a reaction by showing the movement of electrons with arrows.