Ongoing Inflation Has Its Own Momentum Because

question 131

Multiple Choice

Ongoing inflation has its own momentum because

• A) prices rise whenever firms see other prices rising
• B) the public learns to expect inflation and adjusts its decisions in response
• C) public officials are unwilling to stop prosperity
• D) more and more people now have jobs
• E) we are always playing catch up,trying to get what we lost when others raise prices

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Underlying Fear

A fundamental emotion of anxiety or apprehension about a real or imagined threat, often not immediately visible.

Psychopath

A term often used to describe an individual with a personality disorder characterized by persistent antisocial behavior, impaired empathy, and remorse.

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Projective Tests

Psychological assessment tools that use ambiguous stimuli to elicit responses that reveal aspects of an individual's personality.