Author Question: Initially, demand-pull inflation will A) increase both the price level and increase real GDP. B) ... (Read 233 times)

mckennatimberlake · **on:** Jun 29, 2018

Initially, demand-pull inflation will

A) increase both the price level and increase real GDP.
B) shift the aggregate supply curve rightward.
C) decrease potential GDP.
D) increase the price level and decrease real GDP.
E) increase the price level and not change real GDP.

Question 2

The sustained expansion of production possibilities is called

A) opportunity cost of growth.
B) production possibilities.
C) economic growth.
D) economic investment.
E) production expansion.