In Demand- Pull Inflation, at the Start

question 68

Multiple Choice

In demand- pull inflation, at the start

• A) the price level changes but real GDP remains the same.
• B) the price level and real GDP both increase.
• C) the price level rises and real GDP decreases.
• D) None of the above answers is correct.

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Definitions:

Rule Based

An approach or system governed by explicit, predefined rules or regulations that dictate the operation or decision-making process.

Outsourced

The practice of having certain job functions or tasks performed outside a company instead of by the company’s own employees.

Repetitive

Involves actions or events occurring in a regular and predictable pattern.

Unpredictable

Not able to be predicted or foreseen; capable of happening without any prior indication.