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Economics
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Demand-pull inflation is caused by:

A. an increase in aggregate demand.

B. an increase in aggregate supply.

C. a decrease in aggregate supply.

D. a decrease in aggregate demand.

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Divya Singh
Divya SinghLv10
1 Nov 2020
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Related questions

A decrease in business taxes will tend to

A) Decrease aggregate supply and decrease aggregate demand

B) Increase aggregate supply but not change aggregate demand

C) Increase aggregate demand and increase aggregate supply

D) None of the above

1.  For a fiscal policy to be most effective, we must have

a. perfectly flexible wages and prices.

b. a vertical AS curve.

c. accurate information about the state of the economy.

d. a balanced government budget in each year.

e. a high marginal propensity to save.

2. Which of the following will make crowding out caused by government borrowing more severe?

a. A steep (inelastic) investment demand curve

b. A global credit market

c. Tax increases

d. A steep (inelastic) supply curve in the loanable funds market

e. None of the above

3. Government spending policies can be developed to work against the problems of unemployment and inflation because government spending can

a. decrease aggregate demand to combat unemployment and increase aggregate demand to combat inflation.

b. increase aggregate supply to combat unemployment and decrease aggregate demand to combat inflation.

c. increase aggregate supply to combat unemployment and decrease aggregate supply to combat inflation.

d. increase aggregate demand to combat unemployment and increase aggregate demand to combat inflation.

e. increase aggregate demand to combat unemployment and decrease aggregate demand to combat inflation.

 

1. Which of the following would most likely increase aggregate supply?

a. an increase in the prices of imported goods

b. an increase in productivity

c. an increase in government subsidies to business

d. a decrease in net exports

 

2. One reason why the aggregate supply curve might shift to the left is that:

a. consumer incomes have increased

b. production costs have increased

c. government spending has increased

d. businesses have become more optimistic

 

3. A reduction in taxes may:

a. increase aggregate demand and decrease aggregate supply

b. increase aggregate demand and increase aggregate supply

c. decrease aggregate demand and decrease aggregate supply

d. decrease aggregate demand and increase aggregate supply

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