Demand-Pull Inflation Can Start When

question 387

Multiple Choice

Demand-pull inflation can start when

• A) the money wage rate rises but the price level does not change.
• B) the money wage rate rises faster than the price level.
• C) the short-run aggregate supply curve shifts rightward.
• D) the aggregate demand curve shifts rightward.

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Definitions:

Theory of Technological Competency

A framework that explains the skills and knowledge required to effectively use and integrate technology in a specific domain.

Objectification

Treating a person or a group of people as an object rather than recognizing their humanity and individuality.

Wholeness

The state of forming a complete and harmonious whole; unity.

Idealization

A psychological or social process of attributing overly positive qualities to another person or thing, often ignoring the possible negative aspects.