Demand-pull inflation persists because of
A) continuing increases in government expenditures.
B) continuing increases in the quantity of money.
C) continuing increases in the real wage rate.
D) continuing decreases in the money wage rate.
E) continuing increases in aggregate supply.
B
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The table above shows some data that describe Tom's T-Shirts' total product when Tom has 1 sewing machine
An increase in the number of workers from 1 to 2 a day increases average product of labor from ________ T shirts per worker and marginal product of labor is ________ T shirts per worker. A) 10 to 11; 22 B) 10 to 22; 12 C) 10 to 22; 22 D) 10 to 11; 12
According to Walton and Rockoff, Keynesian economists would probably argue that Keynesian policies failed to alleviate the Great Depression because _____
a. monetary policy was contractionary b. government spending was disproportionately concentrated on poor relief c. supply-side shocks offset Keynesian policies d. Keynesian policies were never tried on a sufficient scale
Which of the following does not describe a pure market economy? a. The choices of buyers and sellers determine the market prices of goods and services. b. Prices serve as signals to buyers and sellers
c. Prices and outputs of most goods and services are stable over time. d. Owners of resources in greater demand by others tend to have higher incomes.
Which, if any, of the present values below are correctly computed?
a. A payment of $1,000 to be received one year from today, with a 8 percent interest rate, has a present value of $945.45. b. A payment of $1,000 to be received one year from today, with a 9 percent interest rate, has a present value of $911.11. c. A payment of $1,000 to be received one year from today, with a 10 percent interest rate, has a present value of $905.06. d. None of the above are correct to the nearest cent.