Cost-push inflation might initially result from
A) the use of new technology.
B) a decrease in the quantity of money.
C) an increase in the cost of resources.
D) an increase in the quantity of money.
E) an increase in government expenditure.
Ans: C) an increase in the cost of resources.
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Giving the Fed a high degree of independence means all but:
A. the Fed governors will not be as tempted by political pressure. B. it is less likely to expand the money supply simply to make it cheaper for the government to repay its debt. C. technocrats-rather than politicians-are in charge, which tends to increase people's trust in the stability of the dollar. D. The federal government will not have to borrow to finance its budget deficit.
A change in which of the following will cause the aggregate demand curve to shift?
a) energy prices b) productivity rates c) consumer wealth d) prices of inputs e) prices of consumer goods
Refer to the above figure. For which Lorenz curve does the richest 25 percent make 50 percent of the nation's money income?
A. A B. B C. C D. D
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. At Point A, what is the value of Y?
A. 10 B. 12 C. 15 D. indeterminate from this information