Problem 36Chapter 24 | Section | Page 600

Economics

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9 Nov 2021

Problem 36

Page 600

Section: REVIEW QUESTIONS

Chapter 24: The Aggregate Demand/Aggregate Supply Model

Principles of Economics

2nd Edition, 2017

Openstax

ISBN: 9781947172364

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9 Nov 2021

Introduction

Demand-Pull Inflationary Pressure occurs when aggregate demand shifts to the Right.

With that, we see higher economic growth. When AD shifts to the right there is greater pressure on existing factors of production to produce more outputs.

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Principles of Economics

2nd Edition, 2017

Openstax

ISBN: 9781947172364

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