A sudden change in the normal behavior of inflation, unrelated to the nation's output gap, is called:
A)short-run equilibrium.
B)long-run equilibrium.
C)an inflation shock.
D)inflation inertia.

Name: A sudden change in the normal behavior of inflation, unrelated to the nation's output gap, is called: A)short-run equilibrium. B)long-run equilibrium. C)an inflation shock. D)inflation inertia.
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An inflation shock is a sudden change in the normal behavior of inflation, unrelated to the nation's output gap.

A Sudden Change in the Normal Behavior of Inflation, Unrelated