In a persisting demand-pull inflation
What will be an ideal response?
short-run aggregate supply decreases and aggregate demand increases.
You might also like to view...
Which of the following assets yields a 0 percent return?
A) U.S. Treasury Bills B) Excess reserves C) Deposits with correspondent banks D) Municipal bonds
Operation on the basis of comparative advantage led to the regional specialization of the use of slaves in the North
Indicate whether the statement is true or false
If the average price of a car suddenly changes from $20,000 to $15,000, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) likely; increase B) not likely; change C) not likely; increase D) likely; decrease
Suppose a monopolistically competitive firm is producing at the profit-maximizing output level and is receiving a price that is sufficient to cover only its average variable cost. If the price falls further the firm should suspend its operations
a. True b. False Indicate whether the statement is true or false