Inflation Resulting from an Increase in Aggregate Demand Is Called

question 30

Multiple Choice

Inflation resulting from an increase in aggregate demand is called

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

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Definitions:

Latent Function

Unintended and often unrecognized outcomes that contribute to the adjustment or adaptation of a system.

Marxian

Related to the theories and writings of Karl Marx, especially with respect to his analysis of society, politics, and economics.

Capitalist Economy

An economic system where trade, industries, and the means of production are largely or entirely owned and operated by private individuals or businesses aiming for profit.

Diametrically Opposed

Completely opposite or contradictory; indicating two things that are as different from each other as possible.