Demand-pull inflation is illustrated in the short run aggregate supply-aggregate demand model as a shift of the aggregate ________.
A. demand to the left
B. demand to the right
C. supply to the left
D. supply to the right
Answer: B
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If the multiplier is 4 and autonomous government spending increases by $100 billion, real GDP will:
A. increase by $100 billion. B. increase by $400 billion. C. decrease by $400 billion. D. increase by $25 billion.
According to your text, the annual cost of regulation (federal, state and local) in the United States is estimated to exceed ________ per year
A) $500 million B) $900 million C) $50 billion D) $1 trillion
Suppose that there is an improvement in technology in the market for Samsung phones. Which of the following is TRUE?
A) Supply will increase and the market clearing price will fall. B) Supply will increase and the market clearing price will rise. C) Demand will increase and the market clearing price will rise. D) Demand will increase and the market clearing price will fall.
What has been the range of the decline in real output for U.S. recessions since 1950?
A. -10.0 percent to -14.9 percent B. -15.0 percent to -19.9 percent C. -5.0 percent to -9.9 percent D. -0.1 percent to -4.9 percent