Inflation That Starts Because Aggregate Demand Increases Is Called

question 50

Multiple Choice

Inflation that starts because aggregate demand increases is called

• A)anticipated inflation.
• B)cost- push inflation.
• C)demand- pull inflation.
• D)political inflation.
• E)unanticipated inflation.

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Definitions:

Consumer Reports

A nonprofit organization that provides reviews and comparisons of consumer products and services based on testing and research.

Specialty Product

A product that is characterized by a unique quality, brand, or characteristic that consumers are willing to make a special purchase effort to obtain.

Shopping Product

A type of product that consumers purchase after comparing quality, price, and style from various sellers, requiring more thought and effort than routine purchases.

Discretionary Product

Products or services that are non-essential and purchased with disposable income, the demand for which tends to be more elastic and influenced by consumers' economic status.