During the years from 1964 to 1969, inflation increased in the United States
A) when the AD curve shifted up and to the right, even though the SRAS curve remained stable.
B) when the SRAS curve shifted up and to the left, even though the AD curve remained stable.
C) when the AD curve shifted up and to the right and the SRAS curve shifted up and to the left.
D) despite the AD and SRAS curves remaining stable.
C
Economics
You might also like to view...
Which of the following approaches to understanding and predicting consumer behavior does not actually solicit any information from any potential customers?
A) Test marketing. B) Conjoint analysis. C) Analysis of historical data. D) Expert opinion.
Economics
Is internally held public debt or externally held public debt less likely to be a problem? Explain
Economics