Demand-pull inflation:
A. occurs when total spending in the economy is excessive.
B. is measured differently than cost-push inflation.
C. can be present even during an economic depression.
D. is also called "hyperinflation."
A. occurs when total spending in the economy is excessive
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If a vineyard wants to raise funds to purchase a new bottling machine, it does so in the
A) output market. B) product market. C) factor market. D) alcoholic beverages market.
Which of the following is true about total factor productivity (TFP)?
A) it can be measured just like capital and labor B) it cannot be directly measured so it has to be calculated from given values of capital, labor and output C) while it cannot be measured directly, it has an exponent of 0.3 in the Cobb-Douglas production function D) while it cannot be measured directly, it has an exponent of 0.7 in the Cobb-Douglas production function E) none of the above