Inflation occurs over time as a result of
A. long-run aggregate supply increasing faster than aggregate demand.
B. long-run aggregate supply increasing faster than short-run aggregate supply.
C. decreases in aggregate demand.
D. aggregate demand increasing faster than long-run aggregate supply.
Answer:D
Inflation occurs over time as a result of
A. long-run aggregate supply increasing faster than aggregate demand. B. long-run aggregate supply increasing faster than short-run aggregate supply. C. decreases in aggregate demand. D. aggregate demand increasing faster than long-run aggregate supply.