Inflation caused by excessive demand is indicated by

Select one:
a. inward shift in the aggregate
supply curve
b. outward shift in the aggregate
supply and demand curves.
c. inward shift in the aggregate
demand curve.
d. outward shift in the aggregate
demand curve

= outward shift in the aggregate
demand curve

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.