Inflation Caused by Continually Decreasing Short-Run Aggregate Supply Is

question 155

Multiple Choice

Inflation caused by continually decreasing short-run aggregate supply is

• A) cost-pull inflation.
• B) cost-push inflation.
• C) demand-pull inflation.
• D) demand-push inflation.

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Definitions:

International Gold Standard

A monetary system in which countries fixed the value of their currencies in terms of a specified amount of gold, facilitating international trade and investment.

Imports of Mexican Goods

Refers to the goods and services brought into one country from Mexico for trade or sale.

Gold Standard

A monetary system in which the value of a country's currency is directly linked to the amount of gold held in reserve.