Ask Question
23 March, 22:34

Demand-pull inflation results from an increase in the aggregate demand curve in both the classical and the intermediate ranges of the aggregate supply curve, while the aggregate supply curve is fixed.

True or False?

+2
Answers (1)
  1. 24 March, 01:47
    0
    Answer: True

    Explanation: Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Demand-pull inflation results from an increase in the aggregate demand curve in both the classical and the intermediate ranges of the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers