Marvin,who Lives in San Francisco,has Been Asked to Host a Teenage

question 106

Multiple Choice

Marvin,who lives in San Francisco,has been asked to host a teenage alien,Regor,as part of an intergalactic exchange program.Marvin is sure that Regor would love to experience the adventure of sailing,but decides he should introduce the concept of a "sailboat" first.Marvin shares as many details as he can remember about the small sailboat he had as a child.This is called a(n) ____.

• A)prototype
• B)model
• C)paradigm
• D)exemplar

Recognize the factors causing inflation (cost-push and demand-pull).

Gain knowledge about historical inflation trends and their causes.

Differentiate between the effects of inflation on different economic agents (borrowers, lenders, workers, etc.).

Understand the impact of aggregate demand and supply shifts on price levels and inflation.