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Exhibit 10-4 Aggregate Supply and Demand Curves

Question 90

Multiple Choice

Exhibit 10-4 Aggregate supply and demand curves

The increase in the price level as the economy moves from E₁ to E₂ in Exhibit 10-4 represents:

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

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