Demand-pull inflation:
a. is also called "hyperinflation."
b. can be present even during an economic depression.
c. is measured differently than cost-push inflation.
d. occurs when total spending in the economy is excessive.
Answer: d. occurs when total spending in the economy is excessive.
You might also like to view...
When there is positive inflation,
A) growth in nominal GDP exceeds growth in real GDP. B) growth in real GDP exceeds growth in nominal GDP. C) growth in real GDP and nominal GDP are roughly equal. D) there can never be any growth in nominal GDP.
In determining comparative advantage, cost is measured in terms of
a. foreign currency b. domestic currency c. gold only d. units of weight and measure e. opportunities forgone
A nation's gross domestic product (GDP):
A. can be found by summing C + I g + G + X n . B. is the dollar value of the total output produced by its citizens, regardless of where they are living. C. can be found by summing C + S + G + X n . D. is always some amount less than its NDP.
If a firm is operating at an output level where losses are minimized, the firm
A) has no incentive to stay in the industry. B) is better off exiting the industry. C) is maximizing profits. D) will shut down.