Which of the following statements about demand-pull inflation is FALSE?
A) It occurs when the economy is close to, or at, full employment.
B) It can be described as "too many dollars chasing too few goods."
C) It occurs when there is too little spending and too much production.
D) There can be a tradeoff between unemployment and demand-pull inflation; as unemployment drops significantly, inflation can rise, and vice-versa.
Correct Answer:
Verified
Q90: Inflation:
A) hurts all groups in society equally.
B)
Q91: Which of the following statements is true?
A)
Q92: Which of the following statements is FALSE?
A)
Q93: Demand-pull inflation:
A) comes from the buyers' side
Q94: Demand-pull inflation occurs when:
A) taxes are increasing.
B)
Q96: Demand-pull inflation:
A) tends to get worse as
Q97: Upward pressure on prices coming from the
Q98: Cost-push inflation can result from:
A) poor productivity.
B)
Q99: According to Application 4.2, "The $4 Summer
Q100: Expectations of future economic conditions:
A) can lead
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