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billyhilly billyhilly
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Question 1.

Other things equal, cost-push inflation results in output ________ and the price level ________.



▸ increasing; increasing

▸ increasing; decreasing

▸ decreasing; increasing

▸ decreasing; decreasing

Question 2.

________ corresponds to lower output and ________ corresponds to higher output.



▸ Cost-push inflation; demand-pull inflation

▸ Demand-pull inflation; stagflation

▸ Stagflation; cost-push inflation

▸ Demand-pull inflation; cost-push inflation
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
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macemace
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