In the long run, sustained inflation is due to
A. a one-time increase in money growth.
B. a continuous increase in aggregate demand.
C. a continuous increase in the money growth rate.
D. the rising price of oil.
Ans: C. a continuous increase in the money growth rate.
Economics
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A fractional reserve system means a commercial bank can lend out most of its deposits
a. true b. false
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If a firm's output more than doubles when all inputs are doubled, production is said to occur under conditions of
A) increasing returns to scale. B) imperfect competition. C) intra-industry equilibrium. D) constant returns to scale E) decreasing returns to scale.
Economics