Because policies in the United States were too expansionary from 1965 through 1973, the U.S. suffered
A) demand-pull inflation.
B) cost-push inflation, as workers sought higher wages in order to keep up with inflation.
C) both demand-pull and cost-push inflation.
D) neither demand-pull nor cost-push inflation.
A
Economics
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A scalper reselling Super Bowl tickets is an example of money being used as:
a. a store of value. b. a unit of account. c. an illegal asset. d. a standard of deferred payment. e. a medium of exchange.
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When a nation starts opening up to international trade, it will see falling prices for
A. goods that it imports. B. all goods traded. C. goods that it exports. D. goods that it has a comparative advantage in.
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