The Chief Difference Between One-Shot Inflation and Continued Inflation Is

question 17

Multiple Choice

The chief difference between one-shot inflation and continued inflation is that

• A) Keynesians believe all inflations are one-shot inflations and monetarists believe all inflations are continued inflations.
• B) one-shot inflation is long and continued inflation is short.
• C) one-shot inflation is a single increase in the price level and continued inflation is a sustained increase in the price level.
• D) monetarists believe all inflations are one-shot inflations and Keynesians believe all inflations are continued inflations.

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Definitions:

Marginal Revenue (MR)

The increase in income resulting from the sale of one extra unit of a good or service.

Marginal Cost (MC)

The growth in overall expenses incurred from the manufacture of an extra unit of a product or service.

Additional Factory

A supplementary manufacturing facility established by a company to increase production capacity.

Producing Units

Entities within an organization responsible for the creation of products or services.