If Long-Run Economic Growth Is NOT Accompanied by a Change

question 67

Multiple Choice

If long-run economic growth is NOT accompanied by a change in aggregate demand, the result will be

• A) persistent inflation.
• B) secular deflation.
• C) devaluation of the dollar.
• D) appreciation of the dollar.

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Definitions:

Argument

An argument is a reason or set of reasons given with the aim of persuading others that an action or idea is right or wrong, often leading to a discussion or debate.

Large Request

A significant demand or query that may require substantial resources or effort to fulfill.

Small Request

A technique in persuasion and social psychology that involves asking for a minor initial request in order to increase the likelihood of compliance with a larger request later.

Agree

To consent or concur in opinion, feeling, or position, often used in contexts where individuals are in harmony or acceptance with others or decisions.