In the Short Run, Demand-Pull Inflation Increases

question 181

Multiple Choice

In the short run, demand-pull inflation increases

• A) real wages, but in the long run only nominal wages.
• B) nominal wages, but in the long run only real wages.
• C) real output and the price level, but in the long run only real output.
• D) real output and the price level, but in the long run only the price level.

---

Definitions:

Framing

The presentation or structuring of information in a particular way to influence perception or decision-making.

Spin

The act of presenting information or a narrative in a particular way, often to influence public perception or opinion.

Expert Power

The influence and authority one possesses due to their expertise, skills, or knowledge in a specific domain.

Social Power

refers to the capacity of individuals or groups to influence or control the actions, beliefs, or behaviors of others within a social context.