Demand- Pull Inflation Occurs When

question 63

Multiple Choice

Demand- pull inflation occurs when

• A) aggregate supply and aggregate demand decrease persistently.
• B) oil prices increase substantially.
• C) the government increases its expenditures.
• D) aggregate demand increases persistently.

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Definitions:

Deemed to Accept

An assumed or implicit acceptance of terms or conditions by conduct or by failing to object.

Reasonable Opportunity

A fair and adequate chance given to a party to perform an action or fulfill a condition within legal or contractual obligations.

Destination Contract

A contract specifying that the sale of goods will be completed upon their arrival at a specified location.

F.O.B. City

Refers to "Free on Board" at a certain city, indicating that the seller is responsible for the goods until they are loaded onto a transport vehicle at a specified location.