A one-time rise in the price level can turn into a demand-pull inflation when ________.
A. the money wage rate continues to increase
B. the quantity of money persistently decreases
C. taxes consistently increase
D. the quantity of money persistently increases
Answer:D
A one-time rise in the price level can turn into a demand-pull inflation when ________.
A. the money wage rate continues to increase B. the quantity of money persistently decreases C. taxes consistently increase D. the quantity of money persistently increases