What is demand-pull inflation?
What will be an ideal response?
An inflation that starts from an initial increase in aggregate demand is a demand-pull inflation.
Economics
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Suppose that in an hour Joe can prepare 10 sandwiches or 5 pizzas. The opportunity cost of Joe producing one sandwich is
A) 2 pizzas. B) 1/2 pizza. C) 5 pizzas. D) 1 pizza.
Economics
Higher isocost lines correspond to higher
A) profits. B) sales revenue. C) input prices. D) total costs of production.
Economics