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Which Will Cause a Larger Short-Run Increase in Prices: an Anticipated

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Essay

Which will cause a larger short-run increase in prices: an anticipated or unanticipated increase in aggregate demand? Will they cause the same increase in prices in the long run?


Definitions:

Heat Of Hydrogenation

The heat released during the addition of hydrogen to a double or triple bond in unsaturated hydrocarbons.

(E)-2-Pentene

An alkene that has the two largest groups on each end of the double bond in opposite directions, which is the trans configuration.

(Z)-2-Pentene

An alkene where the two largest groups on each side of the double bond are on the same side, resulting in a cis configuration.

Carbon-Carbon Double Bond

A strong chemical bond consisting of two carbon atoms connected by double bonds, conferring rigidity and planarity to molecules like alkenes.

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