Inflation May Impose Little,if Any,cost on the Economy,if ________

question 86

Multiple Choice

Inflation may impose little,if any,cost on the economy,if ________.

• A)laws against excessive price increases are enforced effectively
• B)the government subsidizes menu costs
• C)price increases are fully anticipated
• D)the Fisher effect holds true
• E)the rate of price increase is so slow that people do not feel compelled to alter their behavior

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Definitions:

Latitude of Acceptance

It is a concept in psychology and communication studies that describes the range of ideas that a person finds tolerable or worth considering.

Peripheral Route

A method of persuasion that relies on superficial cues rather than the strength of arguments, often influencing attitudes without deep processing.

Inoculation Theory

A social psychological and communication theory that explains how attitudes and beliefs can be made more resistant to change by exposing them to counter-arguments.

Novel Arguments

Innovative or unique lines of reasoning or persuasion not previously presented or considered.