What Has Caused Persistent Inflation in the United States

question 240

Multiple Choice

What has caused persistent inflation in the United States?

• A) The nation's long-run aggregate supply curve has shifted to the left.
• B) Supply-side inflation
• C) A decrease in labor productivity
• D) None of the above

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Definitions:

Functional Fixedness

A problem-solving phenomenon in which people have difficulty in seeing alternate uses for common objects.

String Problem

A type of problem-solving task that involves finding solutions or patterns within sequences of characters or symbols.

Pendulum

A weight suspended from a pivot so that it can swing freely, often used in clocks for regulating time.

Critical Thinking

A type of thinking that involves careful examination of assumptions and evidence and that is purposeful and deliberate.