Which Statement Is True

question 10

Multiple Choice

Which statement is true?

• A)Cost-push inflation may be summed up as "too many dollars chasing too few goods."
• B)Profit-push inflation is a variant of demand-pull inflation.
• C)Demand-pull inflation usually happens during wars.
• D)The wage-price spiral is the basic cause of demand-pull inflation.

---

Definitions:

Bank Accounts

Financial accounts maintained by individuals or businesses with a financial institution for the management of money, including savings and checking accounts.

Student Loans

Financial loans provided to students to help pay for educational expenses, typically to be repaid after completion of studies.

Liable

The state of being legally responsible for something, particularly in the context of obligations or debts.

Void

A term describing a contract or agreement that lacks legal validity and enforceability from the outset.