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27 September, 07:09

Demand-Pull inflation results from an increase in prices from higher incomes. How is this illustrated on a Classical model of Aggregate Demand?

A. Upward shift in Aggregate Demand

B. Rightward shift in Long-Run Aggregate Supply

C. Rightward shift in the Short-Run Aggregate Supply Curve

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Answers (1)
  1. 27 September, 08:06
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    B rightward shift in ling run
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