Demand-pull inflation is often summed up as
A. too many dollars chasing too few goods.
B. the wage-price spiral.
C. profit-push inflation.
D. supply-side cost shock inflation.
A. too many dollars chasing too few goods.
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An appreciation of the dollar in the foreign exchange market raises United States Real GDP when the _____________ shift of the SRAS curve exceeds the __________ shift of the AD curve
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
Which of the following would be expected to decrease the demand for money in the U.S.?
A. The economy enters a boom period. B. Grocery stores begin to accept credit cards in payment. C. Political instability increases dramatically in developing nations. D. Households fear increasing computer glitches will severely limit their ability to use ATMs.