For a demand-pull inflation to persist requires persistent increases in
A) real GDP.
B) the quantity of money.
C) tax rates.
D) government expenditures.
E) the real wage rate.
B
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Place point B on the graph to indicate where the United States economy operated in 1943.
Assume that the market clearing price for portable power banks is $5, but that the maximum price that can be charged is $4. This is an example of
A) a price control that will lead to a surplus of portable power banks on the market. B) a price floor that will lead to a shortage of portable power banks on the market. C) markets failing to ration a fixed quantity of portable power banks. D) a price ceiling that will likely lead to a shortage of portable power banks on the market.
The equation of exchange states that the money value of GDP must be equal to the product of the money stock times its velocity
a. True b. False Indicate whether the statement is true or false
QN=81 (17792) When the consumer price index rises, the typical family
a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d. can offset the effects of rising prices by saving more.