Which of the following could contribute to cost-push inflation?
a. Greater demand for exports
b. Lower income taxes
c. An increase in consumption demand
d. Higher government spending
e. Higher wage demands by trade unions
e
Economics
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Which of the following is NOT an example of a supply shock?
A) a drought in the Midwest B) a decline in natural gas prices following discovery of new fields C) the introduction of a new line of computer-controlled machine tools in manufacturing D) a substantial increase in federal government spending on Medicare
Economics
The AFL was made up mostly of __________ unions prior to 1935.
A. craft B. industrial C. financial D. None of the statements are true.
Economics