With demand-pull inflation in the extended AD-AS model, there is:
A. A decrease in aggregate demand and a decrease in unemployment that eventually increases nominal wages
B. An increase in aggregate demand and a decrease in unemployment that eventually decreases nominal wages
C. An increase in aggregate demand and an increase in unemployment that eventually decreases nominal wages
D. An increase in aggregate demand and a decrease in unemployment that eventually increases nominal wages
D. An increase in aggregate demand and a decrease in unemployment that eventually increases nominal wages
You might also like to view...
Which of the following correctly ranks the size of the three largest foreign currency trading centers in dollar volume?
a. 1-Paris; 2-Miami; 3-London b. 1-New York; 2-Rome; 3-Chicago c. 1-London; 2-New York; 3-Tokyo d. 1-Tokyo; 2-Los Angeles; 3-Paris
A market demand curve reflects the
A) marginal private benefits of consuming a product. B) external benefits of consuming a product. C) marginal social benefits of consuming a product. D) sum of private and social benefits of consuming a product.