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Quiz
· Business Fluctuations
· 18 of 18
Principles of Macroeconomics
Knowledge Check
Question 1 of 5
Think back to the scenario in which scientists create a new invention, and consumers become more optimistic. Compared to the inflation rate after short-run effects have taken place, what will happen to inflation in the long run?
a.
It will increase.
b.
It will decrease.
c.
It will stay the same.
d.
It’s ambiguous.
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