Demand-Pull Inflation Persists Because of

question 46

Multiple Choice

Demand-pull inflation persists because of

• A)continuing increases in government expenditures.
• B)continuing increases in the quantity of money.
• C)continuing increases in the real wage rate.
• D)continuing decreases in the money wage rate.
• E)continuing increases in aggregate supply.

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Definitions:

Standard Deviation

A gauge for the extent of fluctuation or divergence in a group of numbers.

Margin of Error

The amount of error that can be tolerated, often expressed as a percentage that indicates the range within which the true value is expected to lie with a certain level of confidence.

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.

Confidence Interval

A swath of values, derived from analyzing sample data, likely to incorporate the value of a hidden population parameter.