A one-time rise in the price level can turn into a demand-pull inflation when___________ .
A) the quantity of money persistently increases
B) the quantity of money persistently decreases
C) taxes consistently increase
D) the money wage rate continues to increase
Correct Answer:
Verified
Q31: A demand-pull inflation initially is characterized by
A)
Q32: In a persisting demand-pull inflation
A) short-run aggregate
Q33: If the economy is at potential GDP
Q34: Q35: During a demand-pull inflation, if the Fed Q37: If the Fed responds to an increase Q38: If demand pull inflation occurs when the Q39: If the Fed responds to an initial Q40: Demand-pull inflation persists because of Q41: 
A) continuing increases
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents