This graph shows what causes
A. cost-push inflation.
B. demand-pull inflation.
C. neither cost-push nor demand-pull inflation.
A. cost-push inflation.
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Explain the equity-efficiency trade-off. Give an example of conflicting equity and efficiency outcomes of a policy
What will be an ideal response?
Suppose we observe that both the equilibrium price of digital cameras and the equilibrium quantity of digital cameras have increased. Which of the following events could be responsible for this?
A) technological advances in digital camera production B) consumers' preferences changed in favor of digital cameras C) the price of film cameras fell D) workers who make digital cameras received a pay raise
During the stock market boom of the late 1920s stock prices ______
a. rose at about the same rate as dividends b. rose faster than dividends c. rose more slowly than dividends d. there is, surprisingly, not enough information to know what happened to pricesrelative to dividends
The owners of a corporation are
A. The board of directors. B. Liable for its debts. C. Those people who own the bonds issued by the corporation. D. The shareholders of the corporation's stock.