'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:

Affirmative Defense

A defense in which the defendant introduces evidence, which, if found to be credible, will negate criminal or civil liability, even if it is proven that the defendant committed the alleged acts.

Plaintiff

The party who initiates a lawsuit by filing a complaint with the court.

Damages

A monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another party.

Garnishment

A legal process whereby a creditor obtains a court order to redirect a portion of an individual's earnings to satisfy a debt.