Demand-Pull Inflation Is Caused by an

question 150

Multiple Choice

Demand-pull inflation is caused by an

• A)inward shift of the aggregate demand curve
• B)inward shift of the aggregate supply curve
• C)outward shift of the aggregate supply and demand curves
• D)outward shift of the aggregate demand curve
• E)outward shift of the aggregate supply curve

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Definitions:

Subcontracts

Contracts awarded by a primary contractor to a third party for completing part of the work required in a main contract.

Construction Procurement

The process of acquiring labor, materials, equipment, and services necessary for the construction of a new building or infrastructure.

Make or Buy

A decision-making process involving an analysis on whether to produce a product in-house or to purchase it from an external supplier.

Core Competencies

Unique abilities or advantages that a company or an individual possesses, setting them apart from competitors and contributing to their success and value.