Demand-Pull Inflation Is

question 290

Multiple Choice

Demand-pull inflation is

• A) inflation caused by increases in aggregate demand that generate an even larger increase in aggregate supply.
• B) inflation caused by increases in aggregate demand that are not matched by increases in aggregate supply.
• C) inflation caused by reductions in short-run aggregate supply.
• D) inflation caused by reductions in long-run aggregate supply.

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Definitions:

Internalizing Behavior

Emotional or behavioral issues that are directed inward, such as anxiety, depression, or withdrawal.

Contextual Relativism

Position 5 in Perry’s model that represents a major achievement in intellectual development because the student now possesses analytic abilities that allow her to appreciate the merits of diverse perspectives and to find convincing elements in multiple points of view. Thinking relativistically, or thinking about knowledge in context, becomes more habitual.

Absolute Truth

A fact or principle that is believed to be universally valid, independent of context or situation.

Intellectual Development

The growth and change in intellectual capabilities, such as learning, thinking, reasoning, and problem-solving.