Over the past decade, the demand for goods produced in China has brought a sustained increase in
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Over the past decade, the demand for goods produced in China has brought a sustained increase in the demand for China’s exports that has outstripped the growth of supply. As a result, China has experienced a ________.
A. period of stable prices and sustained economic growth B. rising price level and demand-pull inflation C. rising price level and cost-push inflation D. rising price level and a falling real wage rate
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Related Book For
Essential Foundations Of Economics
ISBN: 9781786633255
8th Edition
Authors: Robin Bade, Michael Parkin
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