Which of the Following Would Most Likely Occur During the Expansionary

question 21

Multiple Choice

Which of the following would most likely occur during the expansionary phase of the business cycle?

• A) Demand-pull inflation.
• B) Cost-push inflation.
• C) Structural inflation.
• D) Frictional inflation.

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Definitions:

Breach of Contract

Violation of any terms or conditions in a contract without a lawful excuse, which may result in legal action.

Adequacy of Consideration

A legal principle assessing whether what is exchanged in a contract (goods, services, or money) is fair and of sufficient value.

Mistake as to Existence

A legal misunderstanding or error regarding the actual existence of a subject matter or condition of a contract.

Fraudulent Misrepresentation

A false statement made knowingly without belief in its truth or recklessly and without concern for its truth, which induces another party to enter into a contract.