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Initially, demand-pull inflation will (Multiple Choice Question)

Loraine

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Initially, demand-pull inflation will (Multiple Choice Question)

Initially, demand-pull inflation will
A) increase the price level and not change real GDP.
B) increase both the price level and increase real GDP.
C) increase the price level and decrease real GDP.
D) shift the aggregate supply curve rightward.
E) decrease potential GDP.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 236 times

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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