Solved

The Following Image Shows the Aggregate Demand and Aggregate Supply

Question 56

Multiple Choice

The following image shows the aggregate demand and aggregate supply curves of an economy.In the graph below,the rise in the price levels from P1 to P2 is a result of: ​ ​
Figure 7.1
The following image shows the aggregate demand and aggregate supply curves of an economy.In the graph below,the rise in the price levels from P<sub>1</sub> to P<sub>2</sub> is a result of: ​ ​ Figure 7.1 A) cost-pull inflation. B) cost-push inflation. C) demand-push inflation. D) demand-pull inflation. E) induced inflation.


A) cost-pull inflation.
B) cost-push inflation.
C) demand-push inflation.
D) demand-pull inflation.
E) induced inflation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: If the official unemployment rate increases from

Q28: Inflation can be caused:<br>A)only by increases in

Q41: An increase in the interest rate,other things

Q80: Suppose the total population of an economy

Q103: The official unemployment rate would be higher

Q115: Which of the following is likely to

Q137: The unemployment rate rises any time there

Q140: People who are not currently employed but

Q141: Unanticipated inflation penalizes:<br>A)those who are saving.<br>B)those who

Q146: Not counting _ as unemployed understates unemployment.<br>A)children<br>B)retired