In a demand-pull inflation, money wage rates rise because
A) a decrease in aggregate demand creates a labor surplus.
B) a decrease in aggregate demand creates a labor shortage.
C) an increase in aggregate demand creates a labor shortage.
D) an increase in aggregate demand creates a labor surplus.
E) an increase in aggregate supply creates a labor shortage.
Correct Answer:
Verified
Q76: Q77: --------------------increases the quantity of real GDP supplied Q78: If people's expectations about future income improve Q79: The aggregate demand multiplier effect says that Q80: At the start of a cost-push inflation, Q82: A change in any of the following Q83: If the money wage rate rises,
A)the
A)there is
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