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