One-shot inflation can be caused by
A) increases in aggregate demand only.
B) decreases in aggregate supply only.
C) either increases in aggregate demand or decreases in aggregate supply.
D) neither increases in aggregate demand nor decreases in aggregate supply.
Correct Answer:
Verified
Q106: Which of the following statements is false?
A)
Q107: Suppose we are at a long-run equilibrium
Q108: Suppose we are at a long-run equilibrium
Q109: According to Milton Friedman,continued inflation is always
Q110: When Milton Friedman said that inflation is
Q112: The money supply falls from $1,200 billion
Q113: Which of the following statements is true?
A)
Q114: If the nominal interest rate is 7
Q115: The economy is initially in long-run equilibrium.The
Q116: In the monetarist version of the AD-AS
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents