Initially, demand - pull inflation willOA. increase the price level and increase real GDP.B. shift the aggregate supply curve rightward.C. increase the price level and decrease real GDP.D. increase the price level and not change real GDP.

Demand pull inflation means inflation caused by the demand factors ( where demand curve shifts to…

Initially, demand-pull inflation will OA. increase the price level and increase real GDP. B. shift the aggregate supply curve rightward. Oc. increase the price level and decrease real GDP. D. increase the price level and not change real GDP

Initially, demand-pull inflation will OA. increase the price level and increase real GDP. B. shift the aggregate supply curve rightward. Oc. increase the price level and decrease real GDP. D. increase the price level and not change real GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Initially, demand - pull inflation will
OA. increase the price level and increase real GDP.
B. shift the aggregate supply curve rightward.
C. increase the price level and decrease real GDP.
D. increase the price level and not change real GDP.

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