Cost-push inflation arises from:
a. An increase in aggregate supply
b. A decrease in aggregate supply
c. A decrease in aggregate demand
d. An increase in aggregate demand
b. A decrease in aggregate supply
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A firm that conducts business all over the world is called a(n)
A. multinational corporation. B. international conglomerate. C. competitive corporation. D. government-owned business.
New Keynesians hypothesize that
A) fluctuations in output are largely caused by supply shocks. B) the relationship between inflation and unemployment is exploitable in the long run. C) the relationship between inflation and unemployment is exploitable in the short run. D) there is no relationship between inflation and unemployment.
Airline regulation by the CAB kept prices the same on any route and also set prices high. This led airlines to offer high quality service, which raised costs to the level of prices
Indicate whether the statement is true or false
Derivatives are securities that derive their values from the values of underlying investments.
Answer the following statement true (T) or false (F)