The Accelerationist Principle Stipulates That a Government Determined to Use

question 41

Multiple Choice

The accelerationist principle stipulates that a government determined to use monetary policy to keep

• A) employment below the natural rate for any lengthy period will have to continually increase the rate of inflation to do so.
• B) unemployment below the natural rate for any lengthy period will have to continually increase the rate of inflation to do so.
• C) unemployment below the natural rate for a short period will have to continually increase the rate of inflation to do so.
• D) unemployment below the natural rate for any short period will have to continually decrease the rate of inflation to do so.
• E) unemployment above the natural rate for any lengthy period will have to continually increase the rate of inflation to do so.

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Definitions:

UCC 3-103(a)(9)

Defines "instrument" within the context of the Uniform Commercial Code, focusing on negotiable instruments, including checks, drafts, and notes, detailing their formal requirements and effects.

Specified

Clearly stated or identified.

Implied

Something suggested or understood without being directly expressed.

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for this privilege.