Multiple Choice
In the short-run, demand-pull inflation increases:
A) Real wages, but in the long run only nominal wages
B) Nominal wages, but in the long run only real wages
C) Real output and the price level, but in the long-run only real output
D) Real output and the price level, but in the long-run only the price level
Correct Answer:
Verified
Correct Answer:
Verified
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