Demand-pull inflation occurs:
a. at or close to full employment.
b. because of excess total spending.
c. when "too much money is chasing too few goods."
d. all of these.
d
Economics
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If demand is __________ and price is __________, total revenue will _________.
A. inelastic; raised; increase B. inelastic; lowered; decrease C. elastic; raised; decrease D. All of these options are true
Economics
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
Economics