"Supply inflation" refers to
A) the increase in the price level that occurs when the excess demand for inputs pushes up input costs.
B) any increase in the price level that results from an upward shift of the AD curve.
C) the increase in the price level that occurs when there is excess supply of factors of production.
D) inflation arising from a shortage of labour.
E) inflation arising from a leftward shift of the AS curve that is not the result of excess demand for factors of production.
Correct Answer:
Verified
Q61: A measure that has been developed to
Q62: "Demand inflation" refers to
A)the inflation that results
Q63: Increases in money wages in the economy
Q64: Suppose the actual rate of inflation in
Q65: Assume your salary is $2000 per month
Q67: The acceleration hypothesis states that
A)if a recessionary
Q68: Average wages in Canada have increased each
Q69: Suppose that an increase in world oil
Q70: If a central bank is to successfully
Q71: Other things being equal, unit costs will
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