Demand-side inflation differs from supply-side inflation in the following way:
a. demand-side inflation has higher output; supply-side inflation has lower output.
b. demand-side inflation has lower output; supply-side inflation has higher output.
c. demand-side inflation is always followed by stagflation; supply-side inflation is always followed by demand-side inflation.
d. demand-side inflation has a self-correcting mechanism; supply-side inflation does not.
a
You might also like to view...
Which of the following would shift a nation’s entire production possibilities curve outward?
a. moving from less than full employment to full employment. b. developing a more efficient technology. c. more efficiently allocating productive resources already available. d. All of these.
Which of the following is not a responsibility of the Fed?
A) supervising member banks B) serving as the lender of last resort C) determining the level of government spending D) providing check-clearing services E) supplying the economy with Federal Reserve Notes
Under the merger guidelines written by the DOJ and FTC, a merger may not be challenged if:
A. there is an emergence of new technology. B. there is significant foreign competition. C. the firms involved have monetary problems. D. All of the statements associated with this question are correct.
In many elections the Republican and Democratic candidates share remarkably similar views-so similar that independent candidates (who rarely win the elections) often enter elections to represent opposing views. How can the similarity between the Republicans and Democrats be explained?
What will be an ideal response?