Cost-push inflation is inflation caused by
a. a decrease in aggregate demand
b. a decrease in aggregate demand and an increase in aggregate supply
c. a shortage of all goods
d. an increase in aggregate supply
e. a decrease in aggregate supply
E
Economics
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Refer to the figure above. What is the equilibrium employment if the labor demand curve is LD1 and the labor supply curve is LS1?
A) 5 units B) 20 units C) 15 units D) 10 units
Economics
In the long run, existing firms exit a perfectly competitive market
A) only if economic profits are zero. B) if they make a positive economic profit. C) if normal profits are greater than zero. D) only if they incur an economic loss. E) if they either make a normal profit or if they incur an economic loss.
Economics