If demand pull inflation occurs when the economy is already at potential GDP, then following the initial increase in aggregate demand, the

A) AS curve shifts rightward.
B) potential GDP line shifts rightward.
C) AS curve shifts leftward.
D) potential GDP line shifts leftward.
E) None of the above is correct because demand-pull inflation shifts only the aggregate demand curve.

C

Economics

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What happens when the supply of a nonperishable good is greater than what consumers want to buy?

a. the good is discarded b. the good becomes a luxury and the price rises c. either the good is saved for later sale or the price is raised d. either the good remains unsold or the price drops

Economics

The richest American is ______.

Fill in the blank(s) with the appropriate word(s).

Economics