Demand-side inflation occurs when
A) long-run aggregate demand rises faster than short-run aggregate supply.
B) aggregate demand falls more rapidly than aggregate supply.
C) increases in aggregate supply outstrip increases in aggregate demand.
D) increases in aggregate demand are not matched by increases in aggregate supply.
D
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What is meant by accommodation?
When looking back on past choices, some people feel they should have exercised more and eaten less. The fact that they could not make that choice at that point in time is an example of less than optimal choices resulting from the:
A. fact that the benefits and costs of choices are separated by time. B. complicated nature of the choice. C. market system within which we make choices. D. fact that we don't make food and exercise choices very frequently. D. market system within which we make choices.