Cost-push inflation is caused by a leftward shift of the aggregate demand curve
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Some nations are more involved in international trade than others, as measured by exports as a percentage of GDP. Which of the following most closely matches the exports as a percentage of GDP for the U.S. in 2009?
a. 71 percent b. 51 percent c. 31 percent d. 11 percent
In 1996, Archer Daniels Midland Company was found guilty of fixing the price of lysine. This is an example of:
A. judgment by design. B. judgment by performance. C. judgment by structure. D. judgment that is not part of U.S. antitrust policy.
The fast-food industry is not considered perfectly competitive because
A. there is a small number of dominant firms. B. the firm's products are not homogeneous. C. there is a very large number of firms. D. entry and exit are strictly regulated by the government.