With Demand-Pull Inflation in the Long-Run AD-AS Model, There Is

question 94

Multiple Choice

With demand-pull inflation in the long-run AD-AS model, there is:

• A)a decrease in aggregate demand that eventually increases nominal wages and causes a decrease in the short-run aggregate supply curve.
• B)an increase in aggregate demand that eventually increases nominal wages and causes an increase in the short-run aggregate supply curve.
• C)an increase in aggregate demand that eventually increases nominal wages and causes a decrease in the short-run aggregate supply curve.
• D) an increase in aggregate demand that .eventually increases nominal wages and causes a decrease in the short-run aggregate supply curve.

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Definitions:

Fallacy

An error in reasoning that renders an argument invalid or unsound, often due to a misleading or flawed premise.

Proposition

An assertion or declaration that conveys a personal judgment or belief, capable of being either accurate or inaccurate.

Argumentum Ad Decorum

A logical fallacy where one appeals to what is deemed appropriate by social standards rather than presenting a valid argument.

Appeal To Emotion

The fallacy of trying to get someone to accept a proposition on the basis of an emotion one induces.