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is underemployment correct? can you explain?
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- If, over time, wages and salaries on average rise at least as fast as inflation, why do people worry about how inflation affects incomes?Do neoclassical economists see a value in tolerating a little more inflation if it brings additional economic output? Explain your answer.Which of these is not a negative effect of inflation? a. It lowers down the value of money b. It rises the level of employment c. It increases the price of goods and services d. It lowers down the purchasing power of people
- Explain the pros and cons of inflation.Question 3B. 1. Explain the differences between creeping inflation and walking inflation?43. Different countries experience different types of inflation. Which type of inflation is mostly associated with a growing economy due to increasing purchasing power and profit motive? a. Built in and cost push b. None of the choices is correct c. Demand pull and built in d. Cost push and demand pull
- Ongoing inflation does not automatically reducemost people’s incomes becausea. the tax code is fully indexed for inflation.b. people respond to inflation by holding less money.c. wage inflation goes together with price inflation.d. higher inflation lowers real interest rates.Hyperinflation is best described as: A. An extremely high and typically accelerating rate of inflation B. A steady increase in the price level over time C. A period of deflation followed by slight inflation D. A temporary spike in inflation followed by stabilization no chatgpt answer i will 5 upvoteExamine the causes of at least two (2) main types of inflation
- Which of the following is wrong? Select one: a. Core inflation is the inflation that consumers feel when they buy their core products. b. Cost-push inflation occurs when factors such as rapid increases in the prices of imported raw materials drive up per-unit production costs at each level of output; higher costs push the price level upward. c. Demand-pull inflation occurs when total spending exceeds how much goods and services are provided at an exiting price level in an economy. d. Inflation is a rising general level of prices and is measured as a percentage change in a price index such as the CPI; deflation is a decline in the general level of prices.Will the following lead to cost-push or demand-pull inflation? (a) The discovery of a large and rich vein of gold in the banks of Lagan(b) More militancy in wage demands by trades unions(c) A fall in output as a result of a prolonged lockdown of business while the government pays for salaries of furloughed workers(d) A higher tax on microchips(e) Increasing industrial concentration leading to oligopolistic industrial structures Give proper explanations.If inflation is anticipated A. it is costless to society B. debtors gain C. it costs less to society than if unanticipated D. creditors gain