-In the Above Figure, the Movement from Point a to B

Multiple Choice

-In the above figure, the movement from point A to B to C to D to E represents

A) demand-pull inflation resulting solely from wage responses to excess labor demand.
B) cost-push inflation resulting solely from wage responses to excess labor demand.
C) demand-pull inflation resulting from persistent increases in the quantity of money.
D) cost-push inflation resulting from persistent increases in the quantity of money.