In the Short Run, Demand-Pull Inflation Will Drive Up the Price

question 34

True/False

In the short run, demand-pull inflation will drive up the price level and increase real output, but in the
long run, only the price level will rise.

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Definitions:

Sialolithiasis

A medical condition characterized by the formation of calculi or stones in the salivary glands.

Stones

Hard, solid masses that can form in different parts of the body, such as the kidneys (kidney stones) or gallbladder (gallstones), often causing pain.

Salivary Gland

Glands located in and around the mouth and throat that produce saliva, which aids in digestion and keeps the mouth moist.

Choledolithotomy

A surgical procedure to remove gallstones from the bile ducts or gallbladder.