Which of the following can create demand-pull inflation?
a. Excessive aggregate spending.
b. Sharply rising oil prices.
c. Higher labor costs.
d. Recessions and depressions.
a
Economics
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Refer to Figure 11.4. Which diagram illustrates the effect of a decrease in government spending?
A) A B) B C) C D) D
Economics
A pure private good is _____ and _____
a. nonexcludable; private in consumption b. excludable; private in consumption c. excludable; collective in consumption d. nonexcludable; collective in consumption
Economics