Secular Inflation in the United States Since 1960 Has Been

question 39

Multiple Choice

Secular inflation in the United States since 1960 has been most likely be the result of

• A) persistent leftward shifts of the long-run aggregate supply curve.
• B) persistent rightward shifts of the long-run aggregate supply curve.
• C) persistent rightward shifts of the aggregate demand curve.
• D) persistent leftward shifts of the aggregate demand curve.

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Definitions:

Book Value Method

A method of accounting that determines an asset's value based on its original cost minus any depreciation, amortization, or impairment costs.

Incremental Interest Rate

The interest rate used for calculating the present value of future cash flows that differ from the interest rate in the original contract.

Cash Sales Price

The amount of cash received from a transaction before any deductions, like discounts or returns.

Non-interest-bearing Note

A promissory note or loan agreement that does not require the borrower to pay interest, only to repay the principal amount.