A one- time rise in the price level can turn into a demand- pull inflation when .
A) the money wage rate continues to increase
B) the quantity of money persistently decreases
C) the quantity of money persistently increases
D) taxes consistently increase
Correct Answer:
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Q35: Q36: A demand- pull inflation initially is characterized Q37: If the Fed responds to an initial Q38: A demand- pull inflation requires persistent increases Q39: Demand- pull inflation persists because of Q41: In a demand- pull inflation, money wage Q42: In a demand- pull inflation, if the Q43: In the above figure, the economy initially Q44: If the Fed responds to an increase Q45: In the above figure, suppose the economy
A) continuing
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