Demand-Pull Inflation Starts with a Shift of the

question 82

Multiple Choice

Demand-pull inflation starts with a shift of the

• A) AD curve leftward.
• B) AD curve rightward.
• C) potential GDP line leftward.
• D) AS curve leftward.
• E) AS curve rightward.

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Definitions:

Technological Change

The introduction of new technologies and methods that increase productivity and may lead to economic growth and changes in how industries operate.

Labor Productivity

An indicator of economic efficiency that evaluates the quantity of goods and services generated relative to the hours of labor required to produce them.

Unemployment Rates

The share of the working population that is not employed but is in active pursuit of employment.

Improvements in Technology

Advances or upgrades in technological systems, processes, or products, leading to increased efficiency, productivity, or new capabilities.