Wages and prices chasing each other as aggregate demand continually shifts to the right and aggregate supply continually shifts to the left is called:
A) demand- pull inflation
B) a wage- price spiral
C) structural inflation
D) cost- push inflation
Correct Answer:
Verified
Q4: In the short run, the aggregate supply
Q5: An increase in aggregate demand will cause
Q6: The more_ the aggregate demand curve, the_
Q7: Decreasing membership in and power of Australian
Q8: Which of the following is an assumption
Q10: Which of the following is an example
Q11: Which of the following could lead to
Q12: Equilibrium between aggregate supply and aggregate demand
Q13: Firms are most likely to increase prices
Q14: The Keynesian view regards the longrun as
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