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