One-shot inflation can originate
A) only on the demand side of the economy.
B) only on the supply side of the economy.
C) on the demand side or the supply side of the economy.
D) on neither the demand side nor the supply side of the economy.
C
You might also like to view...
Consumers may benefit more than sellers from a subsidy to sellers if:
A. they deserve the subsidy more. B. the demand curve is relatively more elastic than the supply curve. C. the demand curve is relatively less elastic than the supply curve. D. Consumers can never benefit more than sellers from a subsidy to sellers.
Free trade benefits the nation as a whole but may hurt specific industries and workers.
Answer the following statement true (T) or false (F)
At the equilibrium price for gasoline:
a. everyone with the desire and the income to buy gasoline at that price can do so.
b. surpluses are inevitable
c. quantity demanded exceeds the quantity supplied.
d. none of the above
If the reserve ratio is 0.08, the money multiplier is:
A. 8.0. B. 12.5. C. 1.0. D. 10.5.