Multiple Choice
In the long run, demand-pull inflation:
A) Starts out with a shift in the AS curve, but no shift of the AD curve
B) Starts out with a rightward shift in the AD curve, followed by a resulting leftward shift of the short-run AS curve
C) Starts out with a leftward shift in the AD curve, followed by a resulting rightward shift of the short-run AS curve
D) Involves a shift of the AD curve only, with no shift of the AS curve
Correct Answer:

Verified
Correct Answer:
Verified
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