One form of "cost-push inflation," economists refer to are
A. attempts by labor to raise wages that result in increases in prices.
B. rising prices due to excessive levels of government spending financed by open-market operations through the Fed.
C. rising prices due to excessive levels of aggregate demand.
D. the rise in total sales revenue attributable to price-tag changes rather than to real volume changes.
A. attempts by labor to raise wages that result in increases in prices.
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In the above figure, saving will equal zero when real disposable income equals
A) 500. B) 600. C) 60. D) 0.
Refer to Figure 6-10. A perfectly inelastic supply curve is shown in
A) Panel A. B) Panel B. C) Panel C. D) Panel D.
Household savings rates:
A. were roughly 5% in the United States in 2016. B. were 10% in the United States in 2016. C. were fairly constant at about 5 %in the United States from 2000 to 2010. D. have been roughly 15 % in the United States for the last 30 years or so.
Firms are highly likely to voluntarily engage in an efficient level of pollution abatement.
Answer the following statement true (T) or false (F)