Question: In the short run, demand-pull inflation increases Multiple Choice nominal wages, but in the long run only real wages. real output and the price level,


In the short run, demand-pull inflation increases

Multiple Choice

  • nominal wages, but in the long run only real wages.
  • real output and the price level, but in the long run only the price level.
  • real output and the price level, but in the long run only real output.
  • real wages, but in the long run only nominal wages.















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