Demand-pull inflation occurs when:
A) Aggregate supply is equal to aggregate demand.
B) Aggregate demand is equal to output.
C) Aggregate supply is greater than aggregate demand.
D) Aggregate demand is greater than aggregate supply.
Correct Answer:
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Q2: Cost-push inflation might be caused by:
A) An
Q3: Which of the following is not a
Q4: An increase in the money supply is
Q5: The Phillips curve shows the relationship between:
A)
Q6: According to the Phillips curve:
A) There is
Q7: When inflation is 2%:
A) All prices in
Q8: Inflation means all prices are increasing.
Q9: In the liquidity trap an increase in
Q10: If prices in general are falling this
Q11: The inflation target in the UK for
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