Which of the following is not a characteristic of cost-push inflation?
A. Falling unemployment
B. Falling real output
C. Automatically self-limiting
D. Rising general price level
Answer: A
Economics
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Refer to Scenario 13.15. If the firms price simultaneously, equilibrium would be
A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and a $25 price for Boring. E) a mixed strategy equilibrium.
Economics
Deadweight losses are the only potential cost associated with tariffs, which is why they are preferred to quotas
Indicate whether the statement is true or false
Economics