_________ inflation can be explained by a ________ shift in the aggregate _________ curve.
A. Demand-pull, leftward, demand
B. Cost-push, rightward, supply
C. Demand-pull, leftward, supply
D. Cost-push, leftward, supply
Answer: D
Economics
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According to the standard government definitions, the percentage of the U.S. population now (2011) considered to be living in poverty is about:
A. 15.0 percent. B. 20.5 percent. C. 9.8 percent. D. 13.2 percent.
Economics
If the price of a cup of coffee increases by 50 percent, the quantity demanded decreases by 50 percent. The price elasticity of demand is:
A. zero. B. elastic. C. unit elastic. D. inelastic.
Economics