Multiple Choice
What is the difference between demand-pull inflation and cost-push inflation?
A) Cost-push inflation is caused by shifts of the aggregate demand curve, but demand-pull inflation is caused by cyclical activity in the economy.
B) Demand-pull inflation is caused by shifts of the aggregate demand curve, but cost-push inflation is caused by shifts of the aggregate supply curve.
C) Demand-pull inflation is caused by government deficit spending, but cost-push inflation is caused by firms.
D) Demand-pull inflation is caused by foreign demand, but cost-push inflation is caused by domestic production problems.
Correct Answer:
Verified
Correct Answer:
Verified
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