What Causes Demand-Pull Inflation

question 80

Multiple Choice

What causes demand-pull inflation?  

• A) an inward shift of the aggregate demand curve 
• B) an inward shift of the aggregate supply curve 
• C) an outward shift of the aggregate demand curve 
• D) an outward shift of the aggregate supply curve

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Definitions:

Factorial ANOVA

A statistical test used to determine the effect of two or more independent variables on a dependent variable, allowing interaction effects to be assessed.

Independent Variables

Variables in an experiment or model that are manipulated or changed to observe their effects on dependent variables.

Interaction Effects

The influence that the combination of two or more independent variables has on a dependent variable, beyond their individual effects.

Income

The money received, especially on a regular basis, for work or through investments.