Multiple Choice
In the short run,what is the impact of demand-pull inflation on real output and the price level?
A) It decreases both real output and the price level.
B) It increases the price level but not real output.
C) It increases real output but not the price level.
D) It increases both real output and the price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q78: Any permanent change in the quantity of
Q79: What happens to the price level and
Q80: If the prices of inputs rise,what happens
Q81: Assuming a constant level of aggregate demand,what
Q82: What will a sharp fall in oil
Q84: If wheat prices fell by 2 percent
Q85: Which of the following best describes the
Q86: What is the profit effect?<br>A)At equilibrium prices,
Q87: What would a policy designed to permanently
Q88: What is the typical response of firms