The average price of construction materials increased by 8.1 percent in 2005.The head of the Home Builders Association said it was due totally to increases in lumber, metal, and labor costs.The 8.1 percent increase is probably an example of:
A) deflation
B) price gouging
C) poor resource utility
D) inflation
E) resource munificence
Correct Answer:
Verified
Q118: In 1998 the tourism industry in Egypt
Q119: When determining the GDP in 2006 for
Q120: The laborers displaced due to assembly line
Q121: One of the reasons for the growing
Q122: When the Federal Reserve implements a _,
Q124: When the government decides to cut military
Q125: The _ represents the prices of a
Q126: When the price of gasoline rises by
Q127: The implementation of a contractionary policy by
Q128: When the Federal Reserve implements a(n) _,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents