If the price level should increase in the near term due to decreases in the short-run aggregate supply, the result would be
A. cost-push inflation.
B. demand-pull inflation.
C. cost-pull expansion.
D. demand-pull recession.
Answer: A
You might also like to view...
In reading the stock market quotes in the newspaper, the column with the heading "P/E" gives the
A) number of shares of the stock traded that day. B) dividend per share divided by the closing price per share. C) stock symbol for the company. D) latest closing price per share divided by the latest available earnings per share.
The opportunity cost of studying for an economics test is
A. Zero because you knew when you registered for the class that studying would be required. B. Negative because it may improve your grade. C. The money you spent on tuition for the class. D. The activity that is the best alternative use of your time.
Farmers can raise either goats or ostriches on their land. Which of the following would cause the supply of goats to decrease?
A) an increase in the price of ostrich feed B) an increase in the price of ostriches C) a decrease in the price of goats D) an increase in the demand for goats
Social disapproval carries a higher cost in all of the following cases except when you:
A. care about the opinions of people around you. B. expect to interact with the people around you again in the future. C. know the people around you. D. have very loose interactions with community members.