The U. S. has experienced inflation every year since 1959 due to
A. a sustained increase in aggregate supply accompanied by an even larger increase in aggregate demand.
B. a sustained decrease in aggregate supply.
C. a sustained increase in aggregate demand accompanied by an even larger decrease in LRAS.
D. a sustained decrease in aggregate demand.
Answer: A
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Increasing wage rates will result in more hours worked.
A. True B. False C. Uncertain
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