Demand-Pull Inflation

question 65

Multiple Choice

Demand-pull inflation

• A)occurs when prices of resources rise, pushing up costs and the price level.
• B)occurs when total spending exceeds the economy's ability to provide output at the existing price level.
• C)occurs only when the economy has reached its absolute production capacity.
• D)is also called cost-push inflation.

---

Definitions:

Religious Freedom

The right of individuals to practice their religion without government interference, a principle protected in many countries' constitutions.

Protestants

Followers of the Protestant branch of Christianity, which originated in the 16th-century Reformation.

Indian Languages

The languages spoken by the indigenous peoples of the Americas, encompassing a diverse range of language families and isolates with rich linguistic and cultural heritage.

Loyalist Exiles

The British loyalists who were forced to leave the United States after the American Revolution and resettled in other British colonies.