In a period of cost- push inflation prices_________ and output _________.
A) decrease; decreases
B) increase; decreases
C) increase; increases
D) decrease; increases
Correct Answer:
Verified
Q11: Which of the following could lead to
Q12: Equilibrium between aggregate supply and aggregate demand
Q13: Firms are most likely to increase prices
Q14: The Keynesian view regards the longrun as
Q15: Which of the following would be most
Q17: An increase in the price level results
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Q19: As a result of deflation:
A) borrowers gain
Q20: The long- run aggregate supply curve is
Q21: The aggregate demand curve will shift outwards
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