Inflation expectations refer to the rate at which:
A) actual inflation exceeds expected inflation.
B) last year's prices rose.
C) current prices are rising.
D) average prices are expected to rise next year.
Correct Answer:
Verified
Q5: Excess demand occurs when:
A)there is a surplus
Q6: Excess demand leads to a:
A)surplus and falling
Q7: What is insufficient demand?
A)too many buyers for
Q8: Insufficient demand occurs when:
A)there is a shortage
Q9: Insufficient demand leads to a:
A)surplus and falling
Q11: Demand-pull inflation is inflation resulting from:
A)a surplus.
B)excess
Q12: When the output gap becomes more positive:
A)prices
Q13: Consumer confidence in the economy increases greatly,
Q14: In 2008, consumer confidence fell in the
Q15: A sudden unexpected situation of stagflation (a
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