What is a cost-push inflation?
What will be an ideal response?
A cost-push inflation is an inflation that starts as a result of an increase in costs. Money wage rates and the cost of raw materials are the main sources of cost-push inflation.
Economics
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If the supply of labor ________, real wages fall and the amount of labor employed ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Economics
The principle of diminishing returns implies that as one input increases while the other inputs are held fixed, output
A) increases at an increasing rate. B) decreases at a decreasing rate. C) increases at a decreasing rate. D) decreases at an increasing rate.
Economics