Inflation Caused by Continually Decreasing Short-Run Aggregate Supply Is

question 155

Multiple Choice

Inflation caused by continually decreasing short-run aggregate supply is

• A) cost-pull inflation.
• B) cost-push inflation.
• C) demand-pull inflation.
• D) demand-push inflation.

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Definitions:

Railroad Tracks

Parallel metal rails laid on sleepers or ties, providing a smooth and stable surface for trains to travel on.

Depth

The perceived distance from the observer to a point in a three-dimensional space, or the complexity and profundity of an idea, situation, or feeling.

Loudness

The characteristic of a sound that is primarily a psychological correlate of physical strength (amplitude).

Sound Wave

A type of pressure wave caused by the vibration of an object, which travels through a medium (e.g., air) and is perceived as sound.