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Supply-side inflation is caused by increases in aggregate supply.

tlc_71111

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Supply-side inflation is caused by increases in aggregate supply.

Question 1.

Other things equal, demand-pull inflation results in output ________ and the price level ________.

▸ increasing; increasing

▸ increasing; decreasing

▸ decreasing; increasing

▸ decreasing; decreasing

Question 2.

Supply-side inflation is caused by increases in aggregate supply.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 56 times

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