Which of the following can create demand-pull inflation?
A. Excessive aggregate spending.
B. Sharply rising oil prices.
C. Higher labor costs.
D. Recessions and depressions.
Answer: A
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The downturn in the immigration cycle beginning in the 1850s is attributable to which group?
(a) Children (b) Grandparents (c) Women (d) Men
If a competitive firm's marginal profit is positive at an output of 1000 units,
A) at 1000 units, MR = MC. B) it should produce more than 1000 units. C) it should produce less than 1000 units. D) at 1000 units, MR < MC.
Average weekly claims for unemployment insurance, money supply and the index of stock prices are all examples of
A) leading indicators. B) coincident indicators. C) lagging indicators. D) None of the above
Which of the following is a residual reward that accrues to business decision makers who use resources so as to increase their value?
a. opportunity cost b. earnings of employees c. economic profit d. interest earnings of corporate bondholders