In the above figure, which path represents a cost-push inflation?
A. Point A to B to D to E to G
B. Point A to C to D to F to G
C. Point A to C to D to E to G
D. Point A to B to D to F to G
Ans: A. Point A to B to D to E to G
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Of the following, which determines the price a price searcher will be able to charge?
A) The costs of capital B) The costs of labor C) Advertising costs D) Demand E) A, B, and C above.
The long-run trend in real GDP is upward. How is this possible given business cycles? What explains the upward trend?
The cookie industry in Eatsweetland consists of 15 firms. The industry sales are $80 million per month. The sales of the largest 5 firms are shown in the table below. The rest 10 firms have sales of $3 million each. The U.S
Department of Justice would classify the market for cookies in Eatsweetland as A) competitive. B) uncompetitive. C) moderately competitive. D) monopolistic.
Which of the following is most likely to be a fixed cost for a business?
a. payment for raw materials used in manufacturing goods b. interest payments on a loan used to finance the construction of a building c. shipping charges for the delivery of products d. wages paid to temporary workers