Multiple Choice
Inflation occurs whenever
A) there is a one-time increase in the money supply.
B) there is a one-time increase in government spending.
C) the growth rate of nominal aggregate demand exceeds the growth rate of aggregate supply over sustained periods of time.
D) the growth rate of nominal aggregate supply exceeds the growth rate of aggregate demand over sustained periods of time.
Correct Answer:
Verified
Correct Answer:
Verified
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