Demand-Pull Inflation Is Illustrated in the Short Run Aggregate Supply-Aggregate

question 39

Multiple Choice

Demand-pull inflation is illustrated in the short run aggregate supply-aggregate demand model as a shift of the aggregate:

• A) Supply to the right
• B) Supply to the left
• C) Demand to the right
• D) Demand to the left

---

Definitions:

Direct Labour Costs

Expenses associated with the labor directly involved in the production of goods or services.

Sales Price Variance

The difference between the actual sales revenues received and the expected revenues at standard selling prices.

Master Products

Core products that represent the primary focus or business of a company, often driving its strategic direction.

Standard Costing Systems

A cost accounting method that compares actual costs to standard costs to help managers control business costs.