Cost-push inflation occurs
A) when the aggregate supply curve shifts to the left, while aggregate demand remains stable.
B) when the aggregate demand curve shifts to the left, while aggregate supply remains stable.
C) when the aggregate supply curve shifts to the right, while aggregate demand remains stable.
D) when the aggregate demand curve shifts to the right, while aggregate supply remains stable.
A
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What will be an ideal response?
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A) demand for the firms' products remains stable. B) the firms' cost structures are similar. C) the firms' products are highly differentiated. D) each firm controls the same share of the market.
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