Multiple Choice
Which of the following statements about demand-pull inflation is FALSE?
A) It occurs when the economy is close to, or at, full employment.
B) It can be described as "too many dollars chasing too few goods."
C) It occurs when there is too little spending and too much production.
D) There can be a tradeoff between unemployment and demand-pull inflation; as unemployment drops significantly, inflation can rise, and vice-versa.
Correct Answer:
Verified
Correct Answer:
Verified
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