Which of the following could trigger supply-side inflation?
A. A decrease in the wage rate for all workers
B. An increase in raw materials’ prices
C. An increase in the productivity of capital
D. An increase in the labor force
Answer: B
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When a country exports something to the rest of the world, domestic consumers ________ because the greater the ________ in price and ________ in quantity bought, the greater is the consumers' loss
A) win; rise; increase B) lose, rise; decrease C) win; rise; decrease D) lose; rise; increase E) lose; fall; decrease
Most economic activity in the United States is carried out by monopolies
a. True b. False Indicate whether the statement is true or false
Price elasticity of demand is the responsiveness of
A) the quantity demanded to a change in price. B) demand to a change in supply. C) demand to a change in income. D) demand for a good to a change in the demand for another good.
TC/q is
A. TVC. B. MC. C. ATC. D. AVC.