A demand-pull inflation consists of ________ shifts in the AD curve and ________ shifts in the AS curve.
A) rightward;rightward
B) rightward;leftward
C) right;no
D) leftward;rightward
E) leftward;leftward
Correct Answer:
Verified
Q193: A demand-pull inflation initially is characterized by
A)increasing
Q194: In a persisting demand-pull inflation,
A)aggregate supply decreases
Q195: Demand pull inflation can be started by
A)a
Q196: Q197: If demand pull inflation occurs when the Q199: Initially,demand-pull inflation will
A)increase the price level and
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