Multiple Choice
Which of the following statements regarding demand- pull inflation is false?
A) Demand- pull inflation is caused by an excess of demand over supply.
B) The steeper the AS curve, the greater will be the effect of demand- pull inflation.
C) Demand- pull inflation is caused by continuous rightward shifts in aggregate demand.
D) An adverse effect of demand- pull inflation is a decrease in national output.
Correct Answer:
Verified
Correct Answer:
Verified
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