Multiple Choice
With demand-pull inflation in the long-run AD-AS model, there is:
A) a decrease in aggregate demand that eventually increases nominal wages and causes a decrease in the short-run aggregate supply curve.
B) an increase in aggregate demand that eventually increases nominal wages and causes an increase in the short-run aggregate supply curve.
C) an increase in aggregate demand that eventually increases nominal wages and causes a decrease in the short-run aggregate supply curve.
D) an increase in aggregate demand that .eventually increases nominal wages and causes a decrease in the short-run aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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