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.
Cost-Push
Demand-Pull
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."
Cost-Push
Demand-Pull
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.
Cost-Push
Demand-Pull
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.
Cost-Push
Demand-Pull
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.
Cost-Push
Demand-Pull
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.
Cost-Push
Demand-Pull
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
increases finding on apprenticeships and education this policy will stop
cost push
demand pull
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