If OPEC raises the price of oil and production costs increase, this may cause
A. Demand-pull inflation.
B. Super-pull inflation.
C. Cost-push inflation.
D. Hyperinflation.
Answer: C
You might also like to view...
Which national income account should be examined to discover trends in the after-tax income that people have to save and spend?
Critics of minimum wage laws argue that such laws will end up hurting people with ________ skill levels because these laws interfere with the smooth functioning of the labor market and create ________.
A. lower; a shortage of labor B. higher; unemployment C. lower; unemployment D. higher; a shortage of labor
All of the following are possible private-sector adjustments to an increase in the government's budget deficit except
A) increasing private savings. B) decreasing investment. C) decreasing expenditures on transfer programs. D) increasing the trade deficit by increasing imports and/or decreasing exports.
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Doing messy chores before a big date