From 2005 to 2006, the U.S.economy experienced significant inflation because the aggregate demand curve shifted outward more than the aggregate supply curve shifted outward.
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Q46: Stabilization policy may be necessary to slow
Q47: The existence of an inflationary gap or
Q48: When the expenditure schedule is too high,
Q49: Over time, aggregate demand and aggregate supply
Q50: Economists generally assume that there is a
Q52: As long as the multiplier process is
Q53: If the data show that periods of
Q54: An increase in the nominal wage shifts
Q55: Stagflation exists when prices rise and output
Q56: Inflation can be caused either by rapid
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