
Cost-Push or Demand-Pull and winners losers
Authored by Jon Inge
Other
12th Grade - University
Used 71+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price increase occurs because of decrease in the supply of goods and services that is caused by an increase in the costs of production.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This price increase occurs because the market wants to purchase more goods and services than the economy can produce, so purchasers are essentially "bidding up the prices."
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the government reduces tax rates, and households have more money, this type of inflation could occur.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of raw materials goes up, a company would have to spend more money to purchase raw materials, which could lead to this type of inflation.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If wages go up, and companies have to allocate more money to cover wages, this type of inflation could occur.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If other country's economies are growing, and consumers in those countries purchase more American goods, that could leave to this type of inflation.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
increases finding on apprenticeships and education this policy will stop
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