Demand-Pull Inflation Is Due To

question 49

Multiple Choice

Demand-pull inflation is due to:

• A) minimum wage laws.
• B) labour cost increases.
• C) excess total spending.
• D) tax increases.

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Definitions:

Standard Normal

A standard normal distribution characterized by a mean value of zero and a standard deviation measuring one.

Area

The measure of the extent of a two-dimensional figure or shape in a plane.

Normal Probability

Describes the likelihood of an event occurring under a normal distribution, characterized by a symmetrical, bell-shaped curve.

Poisson Distribution

A discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, given a known constant rate of occurrence.