A Consequence of an Inflationary Gap Is ____ as Output

question 135

Multiple Choice

A consequence of an inflationary gap is ____ as output begins to decrease and prices continue to increase.

• A)stagflation
• B)reflation
• C)disinflation
• D)perflation

---

Definitions:

Hartford Convention

A series of meetings from December 1814 to January 1815 in Hartford, Connecticut, where New England Federalists gathered to discuss their grievances concerning the War of 1812 and political problems arising from federal government's increasing power.

Federalist Meeting

A gathering or assembly of Federalists, members of a political party in the early United States that advocated for a strong federal government and supported the ratification of the U.S. Constitution.

British Policy Of Impressment

The practice by the British Navy of seizing American sailors and forcing them into military service, a contributing cause of the War of 1812.

U.S. Citizenship

The status of being a legally recognized subject or national of the United States, with specific rights, duties, and benefits.