In the above figure, the movement from point A to B to C to D to E represents
A. demand-pull inflation resulting solely from wage responses to excess labor demand.
B. demand-pull inflation resulting from persistent increases in the quantity of money.
C. cost-push inflation resulting solely from wage responses to excess labor demand.
D. cost-push inflation resulting from persistent increases in the quantity of money.
Answer:B
In the above figure, the movement from point A to B to C to D to E represents
A. demand-pull inflation resulting solely from wage responses to excess labor demand. B. demand-pull inflation resulting from persistent increases in the quantity of money. C. cost-push inflation resulting solely from wage responses to excess labor demand. D. cost-push inflation resulting from persistent increases in the quantity of money.