A Sudden Change in the Normal Behaviour of Inflation,unrelated to the Nation's

question 25

Multiple Choice

A sudden change in the normal behaviour of inflation,unrelated to the nation's output gap,is called

• A) short-run equilibrium.
• B) long-run equilibrium.
• C) an inflation shock.
• D) excessive aggregate demand.
• E) inflation inertia.

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Definitions:

Telegraphic Speech

A form of communication typically used by young children, involving simple, concise sentences that omit non-essential words.

Overextension

A linguistic error, common in early language development, in which a child applies a word in a broader context than is appropriate.

Underextension

A cognitive error observed in language development, where a child applies a word too narrowly, using it for one object instead of all objects of that category.

Fast Mapping

The process by which children are able to learn the meaning of new words quickly by making logical assumptions after a minimal exposure.