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Negative Supply Shock Quiz

Keynesian analysis indicates that negative supply shocks

In the absence of accommodating policy, the net result of a negative supply shock is that

continually increasing level of government expenditures cannot cause high inflation because

Factors other than money growth that can generate an inflation in Keynesian analysis include

A one-shot increase in government expenditure causes

A one-shot increase in wages due to a successful wage push by labor unions causes

Keynesian analysis indicates that a continuous increase in the money supply causes

If by inflation one means a continual increase in the price level at a rapid rate, then Keynesian and monetarist views of the inflation process are

To say that inflation is a monetary phenomenon seems to beg the question:

The monetarist position that inflation is a monetary phenomenon should not preclude going behind the proximate cause of inflation. Thus, to say that inflation is a monetary phenomenon is somewhat misleading because

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