'Demand-Pull Inflation' Is Caused By

question 84

Multiple Choice

'Demand-pull inflation' is caused by:

• A)a recession.
• B)high levels of aggregate demand in the short run.
• C)an increase in the costs of production, which pulls prices higher.
• D)wage increases that are higher than increases in productivity growth.

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Definitions:

Amniocentesis

A medical procedure used during pregnancy to collect a small sample of the amniotic fluid surrounding the fetus for genetic testing and diagnosing other conditions.

Fluid

In the context of abilities or intelligence, refers to the capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Fetus

A developing human from roughly ten weeks after conception until birth, during which period major bodily structures and organs form.

Defects

Flaws or imperfections in an object, system, or process that can lead to suboptimal performance or failures.