If AS Increases at a Faster Rate Than AD, the Result

question 185

Multiple Choice

If AS increases at a faster rate than AD, the result will be

• A)demand-side inflation.
• B)supply-side inflation.
• C)falling prices.
• D)stable prices.

---

Definitions:

Iterative

Pertaining to a process that repeats, usually with the intention of approaching a desired goal or outcome.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or examples.

Deductive Reasoning

A reasoning method where a conclusion is drawn from the agreement of several assumptions that are typically considered true.

PhD Degree

The highest academic degree awarded by universities in most fields of study, signifying mastery of a particular subject area or field of research.