____ inflation can be explained by an ____ shift in the aggregate ____ curve.
A) Demand-pull, outward, demand
B) Cost-push, outward, supply
C) Demand-pull, outward, supply,
D) Cost-push, outward, supply.
Correct Answer:
Verified
Q92: In the United States during the 1960s,
Q136: Demand-pull inflation is associated with a(n):
A) decrease
Q137: Cost-push inflation occurs when the:
A) aggregate demand
Q138: When OPEC caused the price of oil
Q139: Exhibit 14-3 Aggregate supply and demand curves
Q141: Exhibit 14-4 Aggregate supply and demand curves
Q142: Exhibit 14-7 Aggregate supply and demand curves
Q143: The aggregate demand curve is downward sloping.
Q144: Exhibit 14-6 Aggregate supply curve
Q145: The aggregate demand curve slopes downward because
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