The Short-Run Costs of Disinflation Are A(n)_________ Gap and _________

question 152

Multiple Choice

The short-run costs of disinflation are a(n) _________ gap and _________ unemployment.

• A) expansionary;higher
• B) expansionary;lower
• C) expansionary;no change in
• D) recessionary;higher
• E) recessionary;lower

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Definitions:

Repossesses

The action of taking back possession of property, typically by a seller or lender, from the buyer or borrower due to non-compliance with the terms of sale or loan.

Consequential Damages

Damages that do not directly arise from the breach of a contract but result from the breach's indirect effects.

Inventory

The total amount of goods and materials on hand available for sale to customers in the course of business operations.

Consumer Goods

Items bought for personal use or consumption, including household products, food, and clothing.