Inflation can be caused by Select one: a. decreases in aggregate supply only b. increases in...
Inflation can be caused by
Select one:
a.
decreases in aggregate supply only
b.
increases in aggregate demand only
c.
increases in aggregate demand or decreases in aggregate supply
d.
increases in aggregate supply or decreases in aggregate demand
e.
increases in aggregate supply only
Homework Answers
Ans is C
Inflation is caused when demand is greater than supply
thus decrease in supply or an increase in demand will put an upward pressure on prices and thus inflation occurs
Add Answer to:
Inflation can be caused by
Select one:
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b.
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