Over the past decade, the demand for goods produced in China has brought a sustained increase in

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Over the past decade, the demand for goods produced in China has brought a sustained increase in demand for China’s exports that has outstripped the growth of supply. As a result, China has experienced a _______.

A. Period of stable prices and sustained economic growth

B. Rising price level and demand-pull inflation

C. Rising price level and cost-push inflation

D. Rising price level and a falling real wage rate

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 07:52 AM

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Over the past decade, the demand for goods produced in China has brought a sustained increase in

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B Aggregate demand has incr...View the full answer

Foundations of Macroeconomics

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