Demand-Pull Inflation

question 35

Multiple Choice

Demand-pull inflation:

• A)can occur before the economy has reached its full-employment output.
• B)can occur only after the economy has reached its full-employment output.
• C)can be present even during an economic depression.
• D)is self-limiting.

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Definitions:

Furniture Polish

A product used to enhance the appearance and protect the surface of wooden furniture.

School Supplies

Materials and items required for educational purposes, such as pens, pencils, notebooks, and textbooks.

Serial Position Effect

Our tendency to recall best the last and first items in a list.

Recall

The act of retrieving information or memories from the past without the aid of cues, differing from recognition which involves identifying information from provided options.