Demand-side inflation is normally accompanied by
a. falling real GDP, while supply-side inflation may be accompanied by rising real GDP.
b. falling real GDP; the same is true of supply-side inflation.
c. rising real GDP, while supply-side inflation may be accompanied by falling real GDP.
d. rising real GDP; the same is true of supply-side inflation.
c
You might also like to view...
Which of the following is a question answered with normative economic reasoning?
A) If the college provided less financial aid for out-of-state students, would more in-state students benefit? B) If the college offers free textbooks for students, will more students read their textbooks? C) If the college increased its enrollment requirements, would class size decline? D) Should the college increase tuition to fund its athletic programs?
If a firm has substantial market power, it must be operating in an industry that would be classified as:
a. a monopoly or oligopoly. b. perfectly competitive. c. monopolistically competitive. d. perfectly competitive or monopolistically competitive. e. perfectly competitive or a monopoly.
At low levels of production, the firm
a. benefits from increased size because it can take advantage of greater specialization. b. has the potential for economies of scale. c. is unlikely to experiences acute problems with coordination. d. All of the above are correct.
A change in demand of a good is shown by a:
A. movement along a demand curve. C. movement along the demand function. D. shift of the demand function.