An increase in aggregate demand is more likely to lead to demand pull inflation (a) If aggregate supply is completely elastic (b) If aggregate supply is completely inelastic © If aggregate supply is unitary elastic (d) If aggregate supply is moderately elastic

An increase in aggregate demand is more likely to lead to demand pull inflation (a) If aggregate supply is completely elastic
(b) If aggregate supply is completely inelastic
© If aggregate supply is unitary elastic  
(d) If aggregate supply is moderately elastic
by

1 Answer

Answer :

(b) If aggregate supply is completely inelastic
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