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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 9
Which of the following statements is true ?
A) Demand-pull inflation is caused by excess total spending.
B) Cost-push inflation is caused by an increase in resource costs.
C) If nominal interest rates remain the same and the inflation rate falls, real interest rates increase.
D) If real interest rates are negative, lenders incur loses.
E) All of the answers above are correct.
A) Demand-pull inflation is caused by excess total spending.
B) Cost-push inflation is caused by an increase in resource costs.
C) If nominal interest rates remain the same and the inflation rate falls, real interest rates increase.
D) If real interest rates are negative, lenders incur loses.
E) All of the answers above are correct.
Explanation
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Demand-pull inflation refers to an econo...
Economics for Today 9th Edition by Irvin Tucker
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