📊 Macroeconomics Theories and Policies 1
Q. 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
  • (C) if aggregate supply is unitary elastic
  • (D) if aggregate supply is moderately elastic
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✅ Correct Answer: (B) if aggregate supply is completely inelastic

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