Cost-push inflation is most likely to occur during a period of

The liquidity-money (LM) curve shows the alternative combinations of interest rates and real income that clears the money market

Indicate whether the statement is true or false

Implicit costs are

A) the costs of using factors that a producer hires or rents. B) the opportunity costs of using factors that a producer does not buy or hire but already owns. C) costs that are taken into consideration by accountants. D) costs that are variable in the short run and fixed in the long run.