Exhibit 10-4 Aggregate Supply and Demand Curves

question 90

Multiple Choice

Exhibit 10-4 Aggregate supply and demand curves

The increase in the price level as the economy moves from E₁ to E₂ in Exhibit 10-4 represents:

• A) cost-push inflation.
• B) demand-shock inflation.
• C) wage push inflation.
• D) demand-pull inflation.

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