Secular inflation in the United States since 1960 has been most likely be the result of
A. persistent leftward shifts of the aggregate demand curve.
B. persistent rightward shifts of the long-run aggregate supply curve.
C. persistent rightward shifts of the aggregate demand curve.
D. persistent leftward shifts of the long-run aggregate supply curve.
Answer: C
You might also like to view...
According to the BLS, the unemployment rate is the percentage of the
a. labor force that is unemployed or working part-time b. labor force that is unemployed and had expressed interest in working c. civilian labor force that is unemployed less the number of government workers d. adult population that is unemployed e. adult population that is unemployed or looking for a better job
During the financial crisis of 2008, Fed policy
a. caused the monetary base to shrink significantly. b. approximately doubled the M1 money supply. c. approximately doubled the monetary base. d. maintained the monetary base at a constant level.
Trends in healthy eating have led to a steep increase in the consumption of leafy greens. Which of the following shows the interdependence of input markets related to this food trend?
a. A large kale and spinach farming operation expanded into previously uncultivated fields. b. The additional growing fields required irrigation equipment and additional field laborers. c. Demand for kale and spinach was growing rapidly, which led to an increase in prices. d. Wages and working conditions for field workers were established in a union contract.
Which of the following best describes a monetary policy tool?
A. interest rates B. taxes C. household savings D. government spending