Demand-pull inflation is
A) inflation caused by increases in aggregate demand that generate an even larger increase in aggregate supply.
B) inflation caused by increases in aggregate demand that are not matched by increases in aggregate supply.
C) inflation caused by reductions in short-run aggregate supply.
D) inflation caused by reductions in long-run aggregate supply.
B
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During the early years of the Great Depression, the monetary base and M2:
A. moved in opposite directions; the monetary base increased but M2 decreased. B. both decreased significantly. C. both increased significantly. D. moved in opposite directions; M2 increased while the monetary base decreased.
Refer to the information provided in Figure 32.1 below to answer the question(s) that follow.
Figure 32.1Refer to Figure 32.1. A cut in tax rates will decrease tax revenue if the economy moves from Point
A. B to A. B. A to B. C. C to B. D. A to D.