Continuous Inflation in the Long Run Requires Repeated ________ Shifts

question 41

Multiple Choice

Continuous inflation in the long run requires repeated ________ shifts of the AD curve caused by a continuous increase in the ________.

• A)leftward;government expenditures
• B)rightward;nominal money supply
• C)inward;nominal money supply
• D)None of the above,inflation is primarily a supply side phenomenon.

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Definitions:

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Coopersmith

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A measure of how much you value, respect, and feel confident about yourself.

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