Cost-push inflation is caused by a leftward shift of the aggregate demand curve

The equation total production = total income = total expenditure is called

A) the goods—market equilibrium condition. B) the total identity. C) the fundamental identity of national income accounting. D) Say's Law.

If a principal and agent enter into a fixed-fee contract where the agent is paid a fixed wage

A) the principal bears all the risk. B) the agent bears all the risk. C) the principal and agent share the risk. D) Unable to determine with the information given.