Demand-Pull Inflation Is Most Pronounced During a Recession (As Opposed

question 95

True/False

Demand-pull inflation is most pronounced during a recession (as opposed to the recovery phase of the business cycle).

---

Definitions:

Expected-Utility Maximizer

An economic concept referring to an individual who chooses between uncertain prospects by comparing their expected utilities.

Bet

A wager or gamble where an individual risks a certain amount of money or valuables on the outcome of an uncertain event.

Random Variable

A variable whose possible values are outcomes of a random phenomenon, often used in probability and statistics.

Soft Drink

A non-alcoholic beverage usually carbonated, sweetened, and flavored, including sodas and cola drinks.