Continuous Inflation Requires Repeated ________ Shifts of the SAS Curve,accompanied

question 1

Multiple Choice

Continuous inflation requires repeated ________ shifts of the SAS curve,accompanied by continuous ________ of price expectations.

• A)leftward;upward adjustments
• B)rightward;downward adjustments
• C)inward;downward adjustments
• D)None of the above,inflation is primarily a demand side phenomenon.

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Definitions:

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