Does inflation result from increases in aggregate demand, short-run aggregate supply, or long-run aggregate supply?

What will be an ideal response?

Inflation results from increases in aggregate demand that exceed the increase in long-run aggregate supply. As the aggregate demand curve shifts rightward the price level rises. Increases in AD that exceed increases in LAS produce inflation.

Economics

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The table above gives the demand schedule for snow peas. The price elasticity of demand between $6.00 and $7.00 per bushel is

A) 1.0. B) 2.0. C) 2.6. D) 5.0.

Economics

A tariff will decrease the quantity supplied of a good

Indicate whether the statement is true or false

Economics