Cost-push inflation is caused by:
a. an increase in short-run aggregate supply.
b. a decrease in short-run aggregate supply.
c. an increase in long-run aggregate supply.
d. a decrease in long-run aggregate supply.
b
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Fred's Widget Company has purchased $500,000 in equipment, which can be sold for a salvage value of $300,000 at any time. The best interest rate on alternative investments is 5%
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
A shift from S1 to S2 represents
A. an increase in supply.
B. a decrease in supply.
C. no change in supply.
The observed variations in practice patterns in different regions of the country is the result of all of the following except one.
a. Patients often prefer a number of different options to treat the same illness and physicians are willing to accommodate these differences. b. The observed variations are due to scientific uncertainty associated with diagnosis and treatment. c. There are many alternative treatment options available for most ailments. d. Practice variations are due to differences in demographics and disease incidence across regions. e. Medical training varies across the country depending on where the physician was trained, and most physicians' practices tend to be in the same regions.
Serendipity is often an export trigger for companies that purposefully look to internationalize their operations.
a. true b. false