Multiple Choice
In the long run, demand-pull inflation
A) starts out with a shift in the AS curve but no shift of the AD curve.
B) starts out with a rightward shift in the AD curve, followed by a resulting leftward shift of the short-run AS curve.
C) starts out with a leftward shift in the AD curve, followed by a resulting rightward shift of the short-run AS curve.
D) involves a shift of the AD curve only, with no shift of the AS curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The short-run aggregate supply curve shifts to
Q7: An adverse aggregate supply shock could result
Q101: From the perspective of supply-side economists, a
Q104: Which presidential administration is most closely associated
Q105: Disinflation can be explained by the Phillips
Q107: One criticism against supply-side cuts in marginal
Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2595/.jpg" alt=" If graphed, the
Q109: The long-run Phillips Curve is vertical at<br>A)a
Q110: A Congressional representative who calls for a
Q111: The traditional Phillips Curve suggests a trade-off