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At the start of a cost-push inflation,

Loraine

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At the start of a cost-push inflation,

At the start of a cost-push inflation,
A) the price level remains constant and real GDP decreases.
B) the price level and real GDP both increase.
C) the price level remains constant and real GDP increases.
D) the price level rises and real GDP decreases.
E) the price level rises and real GDP does not change.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 167 times

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Sydnie

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Sydnie

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#2

8 years ago

I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile

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