Which of the following economic changes are consistent with demand -pull inflation ? Check all that apply. Falling unemployment Falling economic output Excessive issuance of money by the central bank
Which of the following economic changes are consistent with demand -pull inflation ? Check all that apply. Falling unemployment Falling economic output Excessive issuance of money by the central bank
Chapter7: Inflation
Section: Chapter Questions
Problem 13SQ
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Question
Which of the following economic changes are consistent with
Falling
Falling economic output
Excessive issuance of money by the central bank
Expert Solution
Step 1
Demand pull inflation or excess demand inflation takes place when aggregate demand is rising while the available supply of goods is becoming less.
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