How Will an Inflationary Boom End If an Economy Is

question 27

Multiple Choice

How will an inflationary boom end if an economy is left to self-correct?

• A) Sticky wages eventually will fall, which allows labor markets to return to equilibrium and full employment.
• B) Sticky wages eventually will rise, which raises the costs of production and moves the economy to a full-employment output.
• C) Consumer demand eventually will fall, which reduces pressure on prices and output.
• D) Consumer demand eventually will rise, which raises prices so much that purchasing power falls and reduces output.

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