Multiple Choice
Which of the following describes the cause of a sustained inflation?
A) the monetary transmission mechanism
B) an aggregate demand shock significant enough to cause a substantial rise in the price level
C) continual monetary expansion
D) an aggregate supply shock significant enough to cause a substantial rise in the price level
E) simultaneous AD and AS shocks
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Most central banks in the developed countries
Q73: Consider a central bank that chooses to
Q74: As of 2018,the Bank of Canada's policy
Q75: Most economists now accept the proposition that<br>A)an
Q76: The diagrams below illustrate two alternative approaches
Q78: The Bank of Canada initially implements an
Q79: Time lags in the conduct of monetary
Q80: Many central banks have established formal targets
Q81: Why is high and uncertain inflation damaging
Q82: In practice,the Bank of Canada implements its