Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If the economy is initially at full employment, an increase in aggregate demand will result in demand-pull inflation. profit-push inflation. unemployment. cost-push inflation.
If the economy is initially at full employment, an increase in aggregate demand will result in demand-pull inflation. profit-push inflation. unemployment. cost-push inflation.
Step by Step Solution
★★★★★
3.47 Rating (157 Votes )
There are 3 Steps involved in it
Step: 1
ANSWER A Demandpull inflation Demandpull inflation is when there is an increase in aggregate demand ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started