4. which of the following is not a potential start of a demand-pull inflation course hero

What is demand pull inflation in economics?

4) Which of the following is NOT a potential start of a demand-pull inflation? A) an increase in exports B) an increase in the quantity of money C) an increase in government expenditure D) an increase in taxes

What is the anticipated inflation rate for the economy?

 · 19.A demand −pull inflation initially is characterized by A. no change in real output and a labor shortage. B. increasing real output and a labor shortage. C. decreasing real output and a labor shortage. D. increasing real output and a labor surplus. E. decreasing real output and a labor surplus. 20.Which of the following is true? A. At full

What happens to the supply curve when the demand curve shifts?

Memorize flashcards and build a practice test to quiz yourself before your exam. Start studying the Chapter 9 flashcards containing study terms like Demand-pull inflation occurs when a. there is a negative price gap. b.prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output. c.there are increases in per-unit costs of …

Why is government unable to respond to cyclical supply shocks?

6; 4. Choose the statement about real business cycle theory that is incorrect. Economists have not been able to isolate the RBC theory impulse. ______ cycle theory would say that the rise in unemployment is not cyclical but is a change in the natural unemployment rate. Real business.

What is positive economics?

Positive economic statements are testable by facts and explain the world as it is w/o making value judgement.

Why is money not a resource?

C) Money is not a resource because it has no value. Money that is used to make an investment is called financial capital

How does human capital affect the economy?

C. investment in human capital enhances people's ability being able to more effectively use the economy's capital and push the production possibilities curve outward where more units of both produces can be attained.

Is the minimum wage good for the economy?

A) even though the minimum wage reduces jobs for some working poor, it is a value judgment that the minimum wage is good for the economy overall.

Why is the minimum wage good?

A) The minimum wage is good because it raises wages for the working poor.

Can points beyond the curve be achieved without an increase in resources?

However points beyond the curve are not possible without an increase in resources or tech. advance

What happens if the Federal Reserve does not respond?

supply decreases. If the Federal Reserve does not respond, the higher money price of raw

Does the economy change?

A) A, that is, the economy does not change .

Is there a predictable result associated with an anticipated increase in aggregate?

D) there are no predictable results associated with an anticipated increase in aggregate

Does GDP increase with price level?

A) only real GDP increases with no change in the price level.