Multiple Choice
Which of the following is a correct statement?
A) It is relatively easy to distinguish between cost-push and demand-pull inflation even if you don't know the source of the inflation.
B) A supply shock will cause a variation of demand-pull inflation that can lead to hyperinflation.
C) Demand-pull inflation will continue so long as there is excess total spending in the economy.
D) Demand-pull inflation is usually accompanied by higher unemployment rates.
Correct Answer:
Verified
Correct Answer:
Verified
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