In the above figure, if the economy moves from point A to point E,
A. money wage rates have increased.
B. there may have been demand-pull inflation.
C. there has been economic growth.
D. Both answers A and B are correct.
Answer:D
In the above figure, if the economy moves from point A to point E,
A. money wage rates have increased. B. there may have been demand-pull inflation. C. there has been economic growth. D. Both answers A and B are correct.