Demand-Pull Inflation Occurs When Aggregate Demand Expands Beyond the Level

question 202

True/False

Demand-pull inflation occurs when aggregate demand expands beyond the level necessary for full employment.

---

Definitions:

Ossification

The process of bone growth.

Endochondral

A type of ossification in which bones start out as cartilage models.

Occipital Bone

a bone situated at the lower back part of the skull, supporting the back of the head and containing the foramen magnum.

Foramen Magnum

The large opening at the base of the skull through which the spinal cord passes to connect with the brain.