The Following Image Shows the Aggregate Demand and Aggregate Supply

question 56

Multiple Choice

The following image shows the aggregate demand and aggregate supply curves of an economy.In the graph below,the rise in the price levels from P₁ to P₂ is a result of: ​ ​
Figure 7.1

• A)cost-pull inflation.
• B)cost-push inflation.
• C)demand-push inflation.
• D)demand-pull inflation.
• E)induced inflation.

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Definitions:

Sociogram

A graphical representation of the social links and dynamics within a group.

Social Relationships

Connections between individuals shaped by communication, shared experiences, and emotional bonds.

Social-information Processing

The mechanism by which individuals interpret and respond to social cues and stimuli, affecting their social interactions and relationships.

Antisocial Way

Behavior contrary to the prevailing social norms, often harmful to social relationships.