Demand-Pull Inflation Is Caused by

question 267

Multiple Choice

Demand-pull inflation is caused by

• A) aggregate demand increasing along a horizontal aggregate supply curve.
• B) aggregate demand decreasing along a horizontal aggregate supply curve.
• C) aggregate demand decreasing along an upward sloping or a vertical aggregate supply curve.
• D) aggregate demand increasing along an upward sloping or a vertical aggregate supply curve.

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Definitions:

Democratic

Pertaining to or characteristic of the principles of democracy, where power is vested in the people who rule either directly or through freely elected representatives.

Dred Scott Decision

A controversial 1857 U.S. Supreme Court ruling that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court.

Taney's Arguments

Refer to the judicial opinions and reasoning of Roger B. Taney, the fifth Chief Justice of the United States, particularly associated with the Dred Scott v. Sandford case which denied citizenship to African Americans.

Nature of Citizenship

Refers to the relationship between an individual and a state in which the individual owes allegiance to the state and in turn is entitled to its protection and the rights and responsibilities defined by the state's law.