A period of two or more quarters during which aggregate output declines is known as A) a boom. B) a recession. C) an inflation. D) a hyperinflation.
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A period of two or more quarters during which
- A) a boom. B) a recession.
- C) an inflation. D) a hyperinflation.
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- Stagflation is caused by an increase in cost-push inflation. The increase in costs can be caused by an increase in wages greater than the increase in productivity. excessive government regulations on business. an increase in taxes imposed on business. All of the above.Inflation can be caused either by rapid growth rate of aggregate demand or by sluggish growth of aggregate supply. True or FalseWhen prices rise at an extraordinarily high rate, it is called: a. hyperinflation b. deflation c. hypnoflation d. disinflation
- A computer virus infects critical manufacturing equipment around the country, resulting in partial or complete shutdowns in manufacturing capabilities. Illustrate what occurs to the aggregate supply curve by shifting it in the appropriate direction. Provide your answer below: Price Level Reflect in ePortfolio Aggregate Supply Aggregate Demand Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.If we are close to or at full employment an increase in the money supply will lead mainly to: A. Change in quantity of output B. Increase in Price Level (Inflation) C. Decrease in Price Level (Deflation) D. Increase in Gross Domestic Product E. Decrease in Gross Domestic ProductTrue or False: Cost-push inflation is caused by a rightward shift in the short-run aggregate supply curve.
- Which is the correct order once the AD or SRAS has shifted to start the inflation process? a. Prices increase in the shortage markets. b. Shortages develop in some markets. c. Prices throughout the economy rise. A period during which overall inflation rates are positive but falling is: Multiple Choice deflation. zero price level. disinflation. inflation.A falling price level is called as a. disinflation. b. deflation. c. a contraction. d. an inverted inflation.
- When disposable income increases, consumption expenditure decreases by the same amount. does not change. also increases, and by an equal amount. also increases, but by less. also increases, and by more. Demand-pull inflation starts with a decrease in aggregate supply. a decrease in aggregate demand. an increase in aggregate demand. an increase in aggregate supply. an increase in potential GDP.Question: Demand-pull inflation occurs when: A) Costs of production decrease B) Aggregate demand exceeds aggregate supply C) Consumer savings increase D) Government spending decreasesDuring the 1990s, price increases slowed down (inflation rate was declining). This situation is an example of which of the following?Choose one answer. Stagflation Deflation Inflation d. Disinflation