Demand-side inflation is normally accompanied by
A) falling real GDP, while supply-side inflation may be accompanied by rising real GDP.
B) falling real GDP; the same is true of supply-side inflation.
C) rising real GDP, while supply-side inflation may be accompanied by falling real GDP.
D) rising real GDP; the same is true of supply-side inflation.
Correct Answer:
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Q84: Figure 33-4 Q85: When the Phillips curve was first formulated Q87: Figure 33-4 Q88: If the fluctuations in the economy's real Q89: If business fluctuations are from demand-side forces, Q90: Figure 33-4 Q91: If the aggregate supply curve is vertical, 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
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