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Exhibit 10-4 Aggregate Supply and Demand Curves as the Aggregate

Question 186

Multiple Choice

Exhibit 10-4 Aggregate supply and demand curves As the aggregate demand curve shifts from AD₁ to AD₂ in Exhibit 10-4, the economy experiences:

A) cost-push inflation.
B) demand-pull inflation.
C) wage-push inflation.
D) hyperinflation.

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