If Long-Run Economic Growth Is Not Accompanied by a Change

question 6

Multiple Choice

If long-run economic growth is not accompanied by a change in aggregate demand, the result will be

• A)persistent inflation.
• B)secular deflation.
• C)devaluation of the dollar.
• D)appreciation of the dollar.

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Definitions:

Grounded in Rules

Based on or derived from a set of explicit or understood regulations or principles.

Competitive

Describes a nature or condition where individuals or groups strive against others to achieve a goal or superior status.

Pleasurable

Describes experiences or sensations that are enjoyable or satisfying to an individual.

Harry Stack Sullivan

An American psychiatrist known for his theory of interpersonal relationships and his contributions to the development of psychoanalytic and psychodynamic theories of personality.