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- 37. What type of inflation is caused by an increase in the purchasing power of people? a.Cost push b.Chronic c.Built in d.Demand pullThe economy starts out at full-employment equilibrium. Some events then occur that generate cost-push inflation. Which of the following events might cause cost-push inflation? A. a decrease in exports. B. an increase in the money wage rate or firms raise prices C. an increase in the quantity of money. D. a decrease in government expenditure.to measure inflation? a.) consumer price index b.)demand -supply curve c.) stagnation d.)inflation rate
- Governments critically analyze the impact of increasing minimum wages. Increasing wages is a risky decision for an economy because this might cause ___________. a. Cost push b. Hyperinflation c. to bring low cost of production d. Built in inflation52. Retirees have their benefits adjusted annually by the to compensate them for inflation. A. wage inflation rate B. price inflation rate as measured by the PPI C. price inflation rate as measured by the GDP deflator D. price inflation rate as measured by the elderly person's indexIn an economy there is a 15.2 % fall in the consumer spending on the same basket of goods and services between the years 2015 and 2016. This means that there is ____. a. Inflation b. Deflation c. No change in price level d. Rise in Price level
- 11. Which of the following best represents a combination of inflation, slow economic growth and high unemployment in an economy? a.Deflation b.Stagflation c.Disinflation d.Disguised inflationDemand-pull inflation arises due to Part 2 A. a higher price level. B. a decrease in the short-run aggregate supply. C. a depreciation of the US$. D. a decrease in the aggregate demand. Part 3 Which of the following would create demand-pull inflation? Part 4 A. An increase in household income. B. A decrease in wages paid to workers. C. Increased international trade barriers. D. An increase in the real rate of interest.3. If nominal GDP increases then real GDP increases. A Always if inflation is positive B Never is inflation is positive C Sometimes, it depends on the country's capacity of production D None of the above
- Which of the following is not an economic effect of inflation? a. None O b. Difficulty in doing long term contracts c. Savings increases consumption decreases O d. Income distribution in favour of borrower e. Decrease in purchasing power of income.Oil prices are on track to reach $100 a barrel this month for the first time in 2023 after surging by almost 30% sinceJune, after Russian and Saudi Arabian production cuts and rising demand from China. What is one of the potential effects of the aforementioned inflation on the South African economy?A. Decreased purchasing power of money.B. Increased consumer savings.C. Reduced interest rates on loans.D. Higher demand for imports.Which of the following refers to the decrease in the general price level of goods and services in an economy over a period of time? A. Inflation B. Deflation C. Stagflation D. Hyperinflation