Multiple Choice
Inflation can be started by
A) a decrease in aggregate supply or a decrease in aggregate demand.
B) a decrease in aggregate supply or an increase in aggregate demand.
C) an increase in aggregate supply or an increase in aggregate demand.
D) an increase in aggregate supply or a decrease in aggregate demand.
E) an increase in aggregate demand or an increase in potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -In the figure
Q122: If the price level rises but the
Q123: The the government increases the level of
Q124: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" The figure above
Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" The figure above
Q128: Cost-push inflation starts with<br>A)an increase in aggregate
Q129: A fall in the price level produces
Q130: The money wage rate is constant when
Q131: The AS curve shifts leftward if<br>A)good weather
Q321: How does the aggregate demand curve reflect