A Demand-Pull Inflation Occurred in the United States During Most

question 273

Multiple Choice

A demand-pull inflation occurred in the United States during most of the later part of the

• A) 1960s.
• B) 2000s.
• C) 1980s.
• D) 1990s.

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Definitions:

Nominal GDP

Gross Domestic Product measured at current market prices, without adjustment for inflation, representing the value of all goods and services produced over a specific time period.

Exports

Merchandise or services dispatched from one country to a different one for trading or selling purposes.

Imports

Goods or services brought into a country from abroad for sale.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.