As the same pressures affect other industries across China, we expect to see
A. demand-pull inflation.
B. a combination of cost-push and demand-pull inflation.
C. cost-push inflation.
D. a downward movement along the short-run Phillips curve.
Answer:C
As the same pressures affect other industries across China, we expect to see
A. demand-pull inflation. B. a combination of cost-push and demand-pull inflation. C. cost-push inflation. D. a downward movement along the short-run Phillips curve.