Describe How a Demand-Pull Inflation Can Occur

question 255

Essay

Describe how a demand-pull inflation can occur.

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Definitions:

Genes

Units of heredity made up of DNA that determine characteristics of living organisms.

Nature-Nurture Issue

A debate concerning the relative importance of an individual's innate qualities ("nature") versus personal experiences ("nurture") in determining or causing differences in physical and behavioral traits.

Psychological Traits

Enduring characteristics or behaviors that define an individual's personality.

Physical Traits

Observable characteristics of an organism, such as hair color, body shape, and other features determined by genes.