MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter P4, Problem 9KC
To determine
The reason for the demand pull inflation.
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Students have asked these similar questions
Question: In economics, what does the term "inflation" refer to ? A) A decrease in the overall level of
prices B) A sustained increase in the prices of goods and services over time C) The total amount of
money in circulation within an economy D) The rate at which an economy grows over a specific
period
Subject: Business Economics
c) According to you, what should be cure of growing inflation?
Inflation:
cannot occur when prices are decreasing.
O is an increase in the price of a good or service.
is an increase in the average price level.
occurs when any good or service increases in price.
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