Demand-Pull Inflation Occurs When

question 90

Multiple Choice

Demand-pull inflation occurs when

• A)increases in aggregate demand are not matched by increases in aggregate supply.
• B)increases in aggregate supply outstrip increases in aggregate demand.
• C)aggregate demand falls more rapidly than aggregate supply.
• D)long-run aggregate demand rises faster than short-run aggregate supply.

---

Definitions:

Executive Branch

The part of the government composed of the Queen acting through the prime minister, cabinet, deputy ministers, and government departments and officials; also known as the Crown.

Legislative Branch

The part of government empowered with enacting laws; Parliament and legislatures.

Judicial Branch

The part of the government composed of courts and officers of the court.

Limitation Periods

Statutorily established time frames within which a legal action must be brought, after which rights to assert claims could be lost.