Answer:
True
Step-by-step explanation:
One shot inflation can as well be regarded as "one time" inflation, it occur Whenever there is increase in price level even though not continued, for one an inflation to be one shot then,there would be increase in aggregate demand in the market or the equivalent aggregate supply. It usually take place when the price level falls between the range of 1 to 3. It should be noted One-shot inflation can result from an increase in aggregate demand or an increase in aggregate supply.