Cost-push inflation starts with
A) an increase in potential GDP.
B) a decrease in aggregate demand.
C) a decrease in aggregate supply.
D) an increase in aggregate supply.
E) an increase in aggregate demand.
C
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Which of the following institutions are NOT examples of financial intermediaries?
A) 1st National Bank, Chemical National Bank, Chase Manhattan National Bank B) Farmer's Credit Union, 1st Mortgage Bank, IBM Credit Union C) a Savings and Loan, New York Savings and Loan, First American Savings and Loan D) the New York Stock Markets, Chicago and Pacific
The contribution to total revenues coming from the next worker hired is
A) marginal product. B) marginal revenue product. C) total product. D) total revenues.
In his book The Other Path, de Soto suggests that countries will grow more quickly if bureaucratic barriers to free enterprise are reduced.
Answer the following statement true (T) or false (F)
If the returns of two assets are perfectly positively correlated, an investor who puts half of his/her savings into each will:
A. not gain from diversification. B. reduce risk but lower the expected return. C. have a higher expected return. D. reduce risk.