Inflation Inertia Is Represented in the Aggregate Supply and Aggregate

question 36

Multiple Choice

Inflation inertia is represented in the aggregate supply and aggregate demand model by continuing upward shifts in the:

• A)aggregate demand curve.
• B)short-run aggregate supply curve.
• C)long-run aggregate supply curve.
• D)aggregate demand and short-run aggregate supply curves.

Comprehend the phenomenon of the free-rider problem within large groups and strategies to overcome it.

Identify the informational benefits provided by many interest groups to their members.

Distinguish the different strategies interest groups use to influence public policy and opinion.

Recognize the significance of litigation as a strategy by interest groups to influence policy.