Inflation caused by a rise in per-unit production costs is referred to as:
A. hyperinflation.
B. demand-pull inflation.
C. cost-push inflation.
D. unanticipated inflation.
Answer: C
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Explain why high nominal interest rates in an economy does not necessarily mean real interest rates in the same economy are also high
What will be an ideal response?
Use the above table. What percentage of income is received by the poorest 20% of the population?
A. 20 percent B. 7.0 percent C. 11.1 percent D. 13.3 percent
Which of the following would lead to a rightward shift of the money demand curve?
a. A decrease in the price level b. A decrease in output c. An open market sale of bonds by the Fed d. An increase in the price level e. An open market purchase of bonds by the Fed
Which of the following is the best example of a microeconomic topic?
A. The impact that the money supply has on inflation. B. The reasons for increases in the price of soft drinks. C. The effect that federal budget deficits have on the interest rate. D. The tradeoff between inflation and unemployment.