Demand-Pull Inflation Can Start When

question 391

Multiple Choice

Demand-pull inflation can start when

• A) money wage rates rise faster than prices.
• B) the short-run aggregate supply curve shifts rightward.
• C) the aggregate demand curve shifts rightward.
• D) money wage rates rise but the price level does not change.

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Definitions:

Endocrine System

Organ system involved in the coordination of body activities; uses hormones as chemical signals secreted into the bloodstream.

Altruism

Social interaction that has the potential to decrease the lifetime reproductive success of the member exhibiting the behavior.

Dominance Hierarchy

A social structure within a group of animals where individuals are ranked according to their level of dominance or power.

Pheromones

Chemical signals released by an organism that influence the behavior or physiology of other members of the same species.