Inflation in the U.S.economy Tends to Be

question 40

Multiple Choice

Inflation in the U.S.economy tends to be

• A)a finite, one-time event resulting from a shock.
• B)ongoing, as increases in aggregate demand generally exceed the increases in aggregate supply.
• C)a finite, one-time event, as the Fed actively works to eliminate all inflation.
• D)ongoing, as aggregate supply is continually shifting to the left.

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Definitions:

Cognitive

Pertains to the mental processes involved in acquiring knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Humanism

An intellectual movement originating in the Renaissance that emphasized the value and agency of human beings, individually and collectively.

Psychoanalytic

Pertaining to a method of therapy and theory of personality developed by Freud, focusing on unconscious motives.

Trait

A stable characteristic or quality that describes a habitual way of behaving, thinking, or feeling.