In the Long Run, Demand-Pull Inflation Leads To

question 68

Multiple Choice

In the long run, demand-pull inflation leads to:

• A) Higher unemployment and higher price level
• B) Lower real wages and higher unemployment
• C) Lower real output and no change in unemployment
• D) Higher price level and no change in real output

---

Definitions:

Secondary Research

The process of gathering existing data from previously completed studies and using it in new analyses.

Validity

Indicates the degree to which a measurement, test, or study accurately reflects or assesses the specific concept it is intended to measure.

Credibility

The quality of being believable or worthy of trust.

Unsolicited Proposals

Proposals or offers made without a direct request, often aimed at pitching new ideas or suggesting improvements.