Which of the following statements is TRUE? A. When petroleum prices increase due to war in Ukraine this will cause demand-pull inflation B. If Jane gets a wage increase of 4% but inflation is 5%, her real income decreases C. None of the above D. John is a banker on a fixed income, this means he will not be affected by high inflation rates
Which of the following statements is TRUE? A. When petroleum prices increase due to war in Ukraine this will cause demand-pull inflation B. If Jane gets a wage increase of 4% but inflation is 5%, her real income decreases C. None of the above D. John is a banker on a fixed income, this means he will not be affected by high inflation rates
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 13P
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Which of the following statements is TRUE?
A. When petroleum prices increase due to war in Ukraine this will cause
demand -pull inflationB. If Jane gets a wage increase of 4% but inflation is 5%, her real income decreases
C. None of the above
D. John is a banker on a fixed income, this means he will not be affected by high inflation rates
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