Demand-pull inflation could start with...
What will be an ideal response?
increases in government purchases followed by increases in money wage rates
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Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business
What is the economic cost of the time he contributes to the new business? A) $25,000 per year B) zero C) $70,000 per year D) $45,000 per year
Hardee's announces "buy one get one free" breakfast sandwiches. This is an example of:
A. the use of incentives. B. a macroeconomic decision. C. hoarding scarce resources. D. how people assess the health benefit of fast food breakfast.
If a monopoly firm reduced the price of its product, which of following must have been true?
A. MR > MC B. MR < MC C. MR > AR D. MC > AR
Banks do not hold a lot of their assets in the form of cash mainly because of:
A. it can encourage employee theft. B. the fear of being robbed. C. regulation. D. the opportunity cost of holding cash; cash does not earn interest.