Suppose That There Is a Positive Aggregate Demand Shock and the Central

question 24

Multiple Choice

Suppose that there is a positive aggregate demand shock and the central bank commits to an inflation rate target. But if the commitment is not credible,then

• A)the public's expected inflation will remain unchanged.
• B)the short-run aggregate supply curve will rise.
• C)over time inflation will fall back down to the inflation target.
• D)all of the above.
• E)both A and B.

---

Definitions:

Contemporary Art Form

Refers to art that has been produced during our lifetime, emphasizing present-day themes, concepts, techniques, and technology.

Deconstructivist Theories

Theories in architecture and literary analysis that seek to dismantle traditional modes of structure and perception to reveal hidden meanings or contradictions.

Günter Behnisch

A German architect known for his innovative and ecological approach to modern architecture, notably the design of the Munich Olympic Stadium.

Architecture

The discipline that involves the planning and creation of buildings and other structural entities.