Demand-Pull Inflation Starts with

question 103

Multiple Choice

Demand-pull inflation starts with

• A)an increase in aggregate demand.
• B)a decrease in aggregate demand.
• C)an increase in potential GDP.
• D)an increase in aggregate supply.
• E)a decrease in aggregate supply.

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Definitions:

Just in Time (JIT)

A production methodology aimed at reducing flow times within production systems as well as response times from suppliers and to customers.

Quick Response (QR)

A technology that uses barcodes to provide instant access to information via a smartphone scan, often used for marketing, payment, or product information.

Fashion Clothing

Apparel designed and marketed to reflect current trends, styles, and aesthetics in the fashion industry.

Strategic Relationship

A partnership or alliance between two or more entities to pursue a set of agreed upon objectives while remaining independent organizations.