A Combination of High Inflation and Recession,usually Resulting from a Supply

question 9

Multiple Choice

A combination of high inflation and recession,usually resulting from a supply shock,is known as

• A) hyperinflation.
• B) disinflation.
• C) stagflation.
• D) depression.

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Definitions:

Existential Generalization

A logical operation that infers the existence of at least one member of a group from a statement about an individual or individuals.

Existential Instantiation

A principle in logic and philosophy that allows from the acknowledgment of the existence of at least one instance of a particular predicate.

Universal Instantiation

A logical rule that states if a property or relation holds for all members of a class or domain, then it holds for any specific member of that class or domain.

Universal Instantiation (UI)

A principle in logic stating that what is true of everything in a particular class must also be true of any specific member of that class.