Multiple Choice
Demand-pull inflation occurs when
A) increases in aggregate demand are not matched by increases in aggregate supply.
B) increases in aggregate supply outstrip increases in aggregate demand.
C) aggregate demand falls more rapidly than aggregate supply.
D) long-run aggregate demand rises faster than short-run aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q85: The price level is measured on the
Q86: If the price level kept increasing,the short-run
Q87: _ will be associated with a constant
Q88: We distinguish between the long-run aggregate supply
Q89: Figure 8-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-3
Q91: A recessionary gap is commonly referred to
Q92: At a point along the SRAS curve
Q93: Economic growth will not result in inflation
Q94: If the Canadian dollar becomes weaker in
Q95: If the Canadian dollar becomes stronger in