High inflation that persists beyond the ending of expansionary policies is probably ________
A) demand-pull inflation
B) Humphrey-Hawkins inflation
C) cost-push inflation
D) a result of unemployment remaining below the natural rate
E) none of the above
C
Economics
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The statement that "increases in the tax on gasoline increase the price of gasoline" is an example of a
A) marginal statement. B) normative statement. C) rational-decision statement. D) macroeconomic statement. E) positive statement.
Economics
Other things being equal, a decrease in the price of ethanol will
A. decrease the use of corn in ethanol production but increase the use of corn in HFCS (another product produced from corn). B. decrease the use of corn in ethanol production and in HFCS. C. decrease the use of corn in all corn uses. D. increase the use of corn in HFCS.
Economics