'Demand-Pull Inflation' Is Caused By

question 84

Multiple Choice

'Demand-pull inflation' is caused by:

• A)a recession.
• B)high levels of aggregate demand in the short run.
• C)an increase in the costs of production, which pulls prices higher.
• D)wage increases that are higher than increases in productivity growth.

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Definitions:

Job Applications

The process of providing information about oneself to a prospective employer, typically including a resume and cover letter, in order to apply for a job.

Clarify The Problem

The process of making an issue or situation clear and comprehensible by identifying its specifics and boundaries.

Positive Reinterpretation

The cognitive process of re-framing negative events or situations in a positive or benign light to cope with challenges and stress.

Commonsense Strategy

A practical approach to solving problems or dealing with situations based on everyday knowledge and practical experience rather than theoretical understanding.