Find the word or phrase that best completes each statement.
(a) When firms use their monopoly power to push up prices, this is known as:
(b) When wages rise independently of the demand for labour, this is known as:
(c) If the price of oil rises, this would be known as:

(i)import- price inflation.
(ii)wage- push inflation.
(iii)profit- push inflation.

Question

Find the word or phrase that best completes each statement.
(a) When firms use their monopoly power to push up prices, this is known as:
(b) When wages rise independently of the demand for labour, this is known as:
(c) If the price of oil rises, this would be known as:

(i)import- price inflation.
(ii)wage- push inflation.
(iii)profit- push inflation.

Quizplus · Accepted Answer

The Answer of Find the word or phrase that best completes each statement.
(a) When firms use their monopoly power to push up prices, this is known as:
(b) When wages rise independently of the demand for labour, this is known as:
(c) If the price of oil rises, this would be known as:

(i)import- price inflation.
(ii)wage- push inflation.
(iii)profit- push inflation.

Find the Word or Phrase That Best Completes Each Statement