Multiple Choice
In the short-run, demand-pull inflation increases
A) real wages, but in the long-run only nominal wages.
B) nominal wages, but in the long-run only real wages.
C) real output and the price level, but in the long-run only real output.
D) real output and the price level, but in the long-run only the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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