Which of the following factors could start a demand-pull inflation?
A) an increase in the money wage rate
B) an increase in tax rates
C) a decrease in the money wage rate
D) a decrease in government expenditure
E) an increase in the quantity of money
E
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The responsiveness of the quantity demanded of one good to a change in the price of a different good is measured by the:
A. cross-price elasticity of demand. B. income elasticity of demand. C. price elasticity of supply. D. price elasticity of demand.
Refer to the table below. What does the figure for net investment income indicate?
The following table contains hypothetical data for the U.S. balance of payments in a year. Answer the following question on the basis of these data. All figures are in billions of dollars. U.S. goods exports +$390 U.S. goods imports -498 U.S. service exports +133 U.S. service imports -107 Net investment income +12 Net transfers -22 Capital account -5 Foreign purchases of U.S. assets +156 U.S. purchases of foreign assets -59 A. Americans invested more abroad than the amount foreigners invested in the U.S. B. The size of the net inflow of foreign investment to the United States in that year C. The net amount Americans received as interest and dividends on existing American investments abroad D. The net amount Americans paid as interest and dividends on existing foreign investments in the United States
If the Herfindahl-Hirschman Index in the market for single-use cameras equals 10,000 , then the single-use camera industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) either a monopoly or monopolistic competition.
Where the IS and LM curves intersect:
a. actual expenditure is equal to planned expenditure. b. output equals aggregate demand. c. savings plus taxes equals investment plus government spending. d. all of the above.