Demand-pull inflation can be the result of
A. an increase in the Z factors.
B. an increase in net taxes.
C. an increase in government spending.
D. all of the above.
Answer: C
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In the absence of trade, a country produces at a point where its production-possibility curve is tangent to the highest possible community indifference curve.
Answer the following statement true (T) or false (F)
According to Keynesian theory, which of the following is not true e of all short-term macro equilibria?
A. The aggregate demand curve intersects the aggregate supply curve. B. All macroeconomic goals are achieved. C. The economy may or may not be at full employment. D. Producers are selling everything they currently produce.
Ball found that an important factor affecting the sacrifice ratio is
A. the tightness of fiscal policy. B. the real interest rate. C. the flexibility of the labor market. D. the shape of the yield curve.
The margin requirement set by the Federal Reserve is the
A) proportion of the purchase price of a security that an investor must pay in cash. B) difference between the interest rate banks may charge on loans and the interest rate they receive from deposits. C) same thing as the required reserve ratio on deposits. D) difference banks must maintain between the value of their assets and the value of their liabilities.