Demand-Pull Inflation Is Caused by a Leftward Shift of the Aggregate

question 52

True/False

Demand-pull inflation is caused by a leftward shift of the aggregate demand curve.

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Definitions:

Dessalines

Jean-Jacques Dessalines was a leader of the Haitian Revolution and the first ruler of an independent Haiti under the 1805 constitution.

Commercial Sanctions

Penalties imposed by one country or a coalition of countries against another for economic reasons, often to discourage certain policies or activities.

Hamilton's Financial Programs

A series of measures proposed by Alexander Hamilton, the first U.S. Secretary of the Treasury, aimed at stabilizing the American economy after the Revolutionary War, including the establishment of a national bank.

Amendment

An Amendment is a formal change or addition proposed or made to a legal document, particularly constitutions, statutes, and contracts, to improve, clarify, or update its content.