Which is not part of the story of cost-push inflation?
A) increasing costs push up output prices
B) demand for output decreases relative to supply
C) increasing quantity of money
D) businesses have unsold products and services
E) consumers have less income to spend
Correct Answer:
Verified
Q220: The Phillips Curve identifies an inverse relationship.
Q221: The original Phillips Curve shows an immediate
Q222: The original Phillips Curve
A) shows an immediate
Q223: Cost-push inflation is caused by
A) positive demand
Q224: The original Phillips Curve suggests it is
Q226: The organization responsible for 1973 increases in
Q227: Demand-pull inflation is caused by
A) positive demand
Q228: The original Phillips Curve
A) shows an immediate
Q229: Periods of low unemployment and high inflation
Q230: Which is not part of the story
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