In the long run, persistent inflation in the United States is caused by
A. rightward shifts in the long-run aggregate supply curve and the leftward shift of the aggregate demand curve.
B. a faster rightward shift of the aggregate demand curve than the rightward shift of the long-run aggregate supply curve.
C. leftward shifts in both the long-run aggregate supply curve and in the aggregate demand curve.
D. leftward shifts in the aggregate demand curve while the position of the long-run supply curve is unchanged.
Answer: B
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