Demand-Pull Inflation Is Caused By

question 113

Multiple Choice

Demand-pull inflation is caused by:

• A) an increase in aggregate demand.
• B) an increase in short-run aggregate supply.
• C) a decrease in aggregate demand.
• D) a decrease in short-run aggregate supply.

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Definitions:

Loose Culture

Describes a society or social group that has relatively relaxed norms and behaviors, allowing a wider range of acceptable behaviors and beliefs among its members.

Collectivist

Pertaining to cultures or societies that value the group over the individual, emphasizing community and collaboration.

Tight

In the context of culture, refers to societies with strict norms, social sanctions, and expectations for conformity.

Complex

Refers to something that is composed of many interconnected parts, resulting in a system that is difficult to analyze or understand fully.