Demand-pull inflation and cost-push inflation are both characterized by higher levels of unemployment
Indicate whether the statement is true or false
F
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Do deficits lead to inflation?
What will be an ideal response?
Which function of money represents a measure for stating the prices of goods and services?
A) medium of exchange B) unit of account C) store of value D) means of payment
Typically, the most important determinant of private investment in an economy is
A) the inflow of foreign investment. B) the size of the capital account surplus. C) the size of the current account deficit. D) the outflow of private investment. E) the amount of domestic savings.
Other things equal, a decrease in the price level ________ the equilibrium interest rate and ________ equilibrium output.
A. decreases; decreases B. increases; decreases C. decreases; increases D. increases; increases