Multiple Choice
Because policies in the United States were too expansionary from 1965 through 1973,the U.S. suffered
A) demand-pull inflation.
B) cost-push inflation,as workers sought higher wages in order to keep up with inflation.
C) both demand-pull and cost-push inflation.
D) neither demand-pull nor cost-push inflation.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: When the economy is hit by a
Q4: If aggregate output is below the natural
Q5: Which of the following is least likely
Q6: The time it takes for the policy
Q7: Liquidity provision and asset purchase may not
Q9: The implementation lag is<br>A)the time it takes
Q10: When output is below potential and the
Q11: The data lag is<br>A)the time it takes
Q12: Nonactivists of the policies believe that<br>A)wages and
Q13: The combination of a successful wage push