Solved

An Increase in the Rate of Inflation

Question 28

Multiple Choice

An increase in the rate of inflation:


A) can only result from increases in aggregate demand.
B) can only result from upward shifts in the short-run aggregate supply curve.
C) will result only if the long-run aggregate supply curve is vertical.
D) can result from shifts in either the dynamic aggregate demand curve or the short-run aggregate supply curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions