Which of the following can create demand-pull inflation?
a. Higher labor costs
b. Recessions and depressions
c. Sharply rising oil prices
d. Excessive aggregate spending
d
Economics
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Demand curves slope ________ because as the price increases and other things remain the same, the quantity demanded ________
A) downward; decreases B) downward; increases C) upward; decreases D) upward; increases E) downward; does not change
Economics
Along a perfectly competitive industry's long-run supply curve
A) economic profits are positive. B) economic profits are zero. C) entrepreneurs earn an above-average rate of return. D) the number of firms is constant.
Economics