The type of inflation described in the story
A. begins with stagflation.
B. starts with an increase in aggregate demand.
C. is the result of money wage rate spiral.
D. starts with a decrease in aggregate demand.
Answer:B
The type of inflation described in the story
A. begins with stagflation. B. starts with an increase in aggregate demand. C. is the result of money wage rate spiral. D. starts with a decrease in aggregate demand.