Cost push inflation Study guides, Class notes & Summaries
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AP Macroeconomics Exam questions with correct answers
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aggregate demand curve CORRECT ANSWER a curve depicting the relationship between real GDP demanded (i.e., expenditures) and the price level in the economy; the aggregate demand curve slopes downward from left to right. 
 
aggregate supply curve CORRECT ANSWER a curve defining the relationship between real production and price level. 
 
business cycles CORRECT ANSWER fluctuations in real GDP around the trend value; also called economic fluctuations. 
 
consumer surplus CORRECT ANSWER the differen...
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HR Chapters 1-5, 14-16 Midterm Questions With Complete Solutions
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The average price of construction materials increased by 8.1 percent in 2005. The head of the Home Builders Association said it was due totally to increases in lumber, metal, and labor costs. The 8.1 percent increase is probably an example of: correct answer: inflation 
 
Inputs, such as natural resources, labor, capital, and entrepreneurship, are known as: correct answer: factors of production 
 
A farmer's market where sixty farmers come weekly to sell the produce they grow in their gardens...
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45 Hour Post License Questions & Answers!!
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Base Industry - ANSWER An industry that produces goods and services for export from the region. 
 
Service Industry - ANSWER An industry that produces goods or services to sell to local residents. 
 
Economic Base - ANSWER The ability of a region to export goods and services to other regions. 
 
Demand-Pull Inflation - ANSWER Higher prices due to buyers bidding against each other. 
 
Real-Cost Inflation - ANSWER Higher prices due to great effort needed to produce the same product today. 
 
Cost-...
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BEC Formulas question n answers graded A+ 2023/2024
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BEC FormulasReal GDP - correct answer Nominal GDP/GDP Deflator x 100 
 
Multiplier effect - correct answer 1/(1-MPC) 
 
The expenditure approach - correct answer Government Purchases 
Gross Domestic Investment 
Personal Consumption 
Net Exports 
 
The income approach - correct answer Income of proprietors 
Profits of corporations 
Interest (net) 
Rental Income 
Adjustments for Net Foreign Income and miscellaneous items 
Taxes 
Employee Compensation 
Depreciation 
 
Net National Product - correct...
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Inflation and CCI questions with correct answers
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The main result of inflation is 
 
 increasing consumer demand. 
 reducing the purchasing power of the dollar. 
 pushing most prices down. 
 making everyday products unaffordable. Answer reducing the purchasing power of the dollar. 
 
Which of the following is a true statement regarding inflation: 
 
 It is always caused by consumer demand. 
 It is a general trend in which some prices may go down. 
 It does not affect everyone in the economy. 
 It harms businesses and the economy. Answer I...
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Edexcel A-level Economics Theme 2 questions with 100% correct answers
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Macroeconomics 
The study of the economy as a whole, including inflation, growth and unemployment. 
 
 
 
Aggregate demand 
The total amount of goods / services demanded in an economy at a given time at a given price level. 
 
 
 
Aggregate supply 
Total amount of goods and services supplied in the economy at a given time at given price level. 
 
 
 
What is GDP? 
Gross Domestic Product = the total value of all goods and services produced in an economy in a given time period. 
 
 
 
What does % ...
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ECN 211 Final Exam Terms
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Demand-Pull Inflation Correct Answer-increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand 
 
Cost-Push Inflation Correct Answer-increases in the price level (inflation)resulting from an increase in resource costs (for example, raw material prices) and hence in per unit production costs; inflation caused by reductions in aggregate supply 
 
Wealth Effect Correct Answer-A change in the real va...
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45 Hour Post License (100% Accurate Answers)
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Base Industry correct answers An industry that produces goods and services for export from the region. 
 
Service Industry correct answers An industry that produces goods or services to sell to local residents. 
 
Economic Base correct answers The ability of a region to export goods and services to other regions. 
 
Demand-Pull Inflation correct answers Higher prices due to buyers bidding against each other. 
 
Real-Cost Inflation correct answers Higher prices due to great effort needed to produ...
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ECS3701 EXAM PACK 2023
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ECS3701 
Oct/Nov 2017 
1. Explain the following terms 
i. Inflation targeting 
Monetary policy strategy that involves public announcement of a medium-term 
numerical target for inflation. 
ii. Interest rate risk 
The riskiness of earnings and returns that is associated with changes in interest rates 
iii. Monetary Policy 
Monetary policy can be defined as the measures taken by the monetary authorities to 
influence the quantity of money or the rate of interest with a view to achieving st...
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Sport Finance Exam 1 Questions And Answers (Verified And Updated)
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Sport Finance Exam 1 Questions And 
Answers (Verified And Updated) 
what is economics? - answer- the study of how people choose to allocate their scare 
resources 
- what and how choices are made 
- how the market system functions 
inflation - answerall costs of goods and services increase 
demand-pull inflation - answerincomes increase but supply remains constant 
cost-push inflation - answerproduction costs increase therefore costs increase 
recession - answer- slowdown in economic activity 
-...