If There Are Steady Decreases in Aggregate Supply, the Economy

question 225

Multiple Choice

If there are steady decreases in aggregate supply, the economy will experience

• A) a slow decrease in price levels.
• B) demand-side inflation.
• C) an expansionary gap.
• D) supply-side inflation.

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Technological Determinism

The theory that society's technology drives the development of its social structures and cultural values.

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