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Loraine Loraine
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8 years ago
If demand pull inflation occurs when the economy is already at potential GDP, then following the initial increase in aggregate demand, the
A) AS curve shifts rightward.
B) potential GDP line shifts rightward.
C) AS curve shifts leftward.
D) potential GDP line shifts leftward.
E) None of the above is correct because demand-pull inflation shifts only the aggregate demand curve.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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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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SydnieSydnie
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8 years ago
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8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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