Demand- pull inflation is caused by:
A) not enough aggregate demand to provide sufficient profits for producers
B) an increase in the costs of production which leads to inflation
C) a recession
D) persistently high levels of aggregate demand
Correct Answer:
Verified
Q21: The aggregate demand curve will shift outwards
Q22: The aggregate demand curve will shift inwards
Q23: Suppose the Australian economy is initially in
Q24: Deflation is:
A) continuing falls in the general
Q25: Which of the following is NOT a
Q27: The term 'rational expectations' means:
A) people make
Q28: The aggregate demand curve:
A) is horizontal
B) slopes
Q29: Cost- push inflation is the result of:
A)
Q30: Which of the following nations has experienced
Q31: Which of the following is most likely
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