Demand-pull inflation is caused by:
A) increases in wages pulling up prices.
B) increases in aggregate demand.
C) decreases in aggregate supply.
D) consumers demanding better quality,which increases costs.
Correct Answer:
Verified
Q97: Assume initially the economy is at full
Q101: During cost-push inflation, aggregate output _ and
Q165: The drop in aggregate demand that occurred
Q166: Cost-push inflation occurs when:
A) total spending expands
Q167: The Great Depression showed that the short-run
Q168: What would cause inflation to rise and
Q171: What would cause the price level to
Q187: Too much spending will cause
A) cost-push inflation.
B)
Q188: What would cause the price level to
Q245: The 1973 oil shocks created
A) demand-pull inflation.
B)
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