The US Economy Has Had Persistent Inflation in Recent Decades

question 251

Multiple Choice

The U.S. economy has had persistent inflation in recent decades. A possible explanation for the inflation is that

• A) there have been decreases in the growth rate while aggregate demand has remained unchanged.
• B) there have been increases in the growth rate while aggregate demand has remained unchanged.
• C) there have been decreases in aggregate demand while aggregate supply has remained unchanged.
• D) growth in aggregate demand has been greater than growth in aggregate supply.

---

Definitions:

Months

Divisions of the year, typically consisting of four weeks, used to measure time in calendar systems.

HRM Effectiveness

The efficiency and performance of human resource management in meeting the organization's goals and employee satisfaction.

Maturity

Maturity in a business context refers to the stage at which an organization or process has reached its maximum potential or development, often characterized by a period of stability and high performance.

Customer Satisfaction

The measure of how products or services provided by a company meet or surpass customer expectation.