Which of the Following Best Describes an Advantage of a Soft

question 1

Multiple Choice

Which of the following best describes an advantage of a soft rubber tourniquet?

• A)Inexpensive enough to replace often
• B)Hard and plastic  
• C)Cannot be cleaned easily
• D)Expensive but long lasting

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Definitions:

Inflation Expectations

Inflation expectations are the rate at which people—consumers and investors—expect the general level of prices to change in the future.

Unemployment Rate

The portion of the labor market that consists of people who are jobless and actively on the lookout for work.

Favorable Supply Shock

An unexpected event that increases the supply of a good or service, leading to a lower equilibrium price.

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.