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vellojo vellojo
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8 years ago
Which of the following statements about a cost-push inflation is correct?
A) Cost-push inflation might start with a rise in the price of raw materials, but it requires increases in the quantity of money to persist.
B) The United States has never experienced a cost-push inflation.
C) Cost-push inflation starts when an increase in aggregate demand "pushes" costs higher.
D) To persist, cost-push inflation needs a continual series of cost hikes with no change in aggregate demand.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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8 years ago
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vellojo Author
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#2
7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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