Which of the following economic changes are consistent with cost-push inflation? (More than one may apply) A. An increase in the price level B. A sudden and sharp decline in the quantity of money issued by the central bank C. Rising unemployment
Which of the following economic changes are consistent with cost-push inflation? (More than one may apply) A. An increase in the price level B. A sudden and sharp decline in the quantity of money issued by the central bank C. Rising unemployment
Chapter6: How Statisticians Measure Inflation
Section: Chapter Questions
Problem 5DQ
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Which of the following economic changes are consistent with cost-push inflation? (More than one may apply)
A. An increase in the price level
B. A sudden and sharp decline in the quantity of money issued by the central bank
C. Rising
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