Examlex

Solved

Maeve Has Two Exams Today

question 196

Multiple Choice

Maeve has two exams today. One is in French and the other is in history. Last night she studied French before history. When she gets to her history test, all she can remember is French! Maeve's memory is suffering from __________.


Definitions:

Economic History

The study of how economic phenomena evolved in the past.

Inflation

An increase in the general price level of goods and services in an economy over a period of time.

Cost-Push Inflation

Inflation resulting from a rise in the cost of inputs such as labor, raw materials, and so forth, which subsequently reduces the availability of these goods.

Aggregate Demand Curve

A graphical representation showing the total demand for all goods and services in an economy at different price levels.

Related Questions