Demand-pull inflation is associated with a(n)
a. decrease in the aggregate supply curve
b. increase in the aggregate supply curve
c. increase in the aggregate demand curve
d. decrease in the aggregate demand curve
e. decline in the availability of a productive resource
C
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Suppose you had information on the sales of similar homes just east and just west of the boundary between two school districts. How could you use those data to estimate the value parents place on the quality of their children's schools?
What will be an ideal response?
If the demand for a monopolist's product increases, its
A) marginal revenue increases, making it more profitable to hire more workers. B) marginal revenue increases, making it more profitable to hire fewer workers. C) marginal revenue decreases, making it more profitable to hire more workers. D) marginal revenue decreases, making it more profitable to hire fewer workers.