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.

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Definitions:

Nonverbal Communication

The process of conveying a message without the use of words, through body language, facial expressions, gestures, and posture.

Feedback

The ongoing process in which participants and their messages create a given result and are subsequently modified by that result.

Eye Contact

The act of two individuals looking into each other's eyes, which can communicate various messages and emotions.

Self-Disclosure

The act of revealing personal information about oneself to others, which can foster intimacy, trust, and stronger interpersonal relationships.