Because Demand-Pull Inflation Is Caused by an Increase in the Demand

question 107

True/False

Because demand-pull inflation is caused by an increase in the demand for output, economists say that this type of inflation is actually good for the economy.

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Definitions:

Association

A connection or relationship between two or more variables, where changes in one variable relate to changes in another.

Variables

Elements or characteristics in research that can change or vary, often categorized as dependent or independent.

Correlation Coefficient

A numeric metric that determines the intensity and orientation of a linear association between two numerical variables.

Range

The difference between the highest and lowest values in a set of data.