Which is not part of the story of downward demand-pull deflation?
A) consumers have less income to spend
B) demand for output decreases relative to supply
C) businesses face shortages of inputs
D) businesses have unsold products and services
E) workers have difficulty getting raises
Correct Answer:
Verified
Q225: Which is not part of the story
Q226: The organization responsible for 1973 increases in
Q227: Demand-pull inflation is caused by
A) positive demand
Q228: The original Phillips Curve
A) shows an immediate
Q229: Periods of low unemployment and high inflation
Q231: Economists believed in a clear tradeoff between
Q232: The original Phillips Curve suggests it is
Q233: The demand-pull story of inflation is not
Q234: Wages tend to fall, or at least
Q235: The original Phillips Curve is consistent with
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