A demand-pull inflation is caused by an increase in the demand for output. Therefore, economists say that this type of inflation is actually good for the economy
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In monopolistic competition, product differentiation gives the firms the power to set their prices
Indicate whether the statement is true or false
When bad storms slow the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________
A) decrease; sales B) decrease; purchases C) increase; sales D) increase; purchases
Which of the following characteristics is NOT likely to increase the interest on a loan?
A. a non-creditworthy borrower B. a short-term loan C. a larger dollar loan D. a high-risk proposal
IndividualOpportunity CostPramilla2 units of good X to produce 1 unit of good YSam3 units of good X to produce 1 unit of good YGeorge4 units of good Y to produce 1 unit of good XLucas5 units of good Y to produce 1 unit of good XConsider the opportunity costs of producing goods X and Y that are listed for the four individuals above. Which person has a comparative advantage in producing good Y?
A. Pramilla B. George C. Lucas D. Sam