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nterest rates are usually ________ during the latter stages of a downswing in the South African business cycle.
An improvement in economic activity is normally triggered by an increase in ________. Manufacturing production
rises during an upswing and in the latter stages of the upswing, inflation, and interest rates ____
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- Interest rates are usually ________ during the latter stages of a downswing in the South African business cycle. An improvement in economic activity is normally triggered by an increase in ________. Manufacturing production rises during an upswing and in the latter stages of the upswing, inflation, and interest rates ________.large or persistent inflation is almost always caused byAssuming prices and output are somewhat flexible, a decrease in investment will cause inflation to __________ in the short run and growth to ___________ in the short run. increase/decrease increase/increase decrease/increase decrease/decrease remain unchanged/decrease
- Mark Lai, a student of agricultural science in the developing country Mikatra, notes that the demand for rice increased substantially over the last ten years. He attributes this to the substantial growth in population during this period. Although rice cultivation in Mikatra is still labor-intensive, Mark observes that the inflation-adjusted wages for farm workers in the rice industry have more or less remained constant during this period, even though the supply of rice increased. This was contrary to Mark's expectations as inflation in Mikatra during this period was not very high. Which of the following, if true, is most likely to explain this outcome? A.Rice and other cereals form a smaller proportion of the food budget of higher-income individuals. B.The government of another major rice-producing country, Langun, subsidizes its rice farmers to keep its prices competitive in the global market. C.The government of Mikatra has recently set a price floor in the wheat market. D.Following…Which of the following will NOT cause inflation to increase in home country? An increase in the aggregate demand An increase in the cost of production An increase in the unemployment rate An increase in the prices of imported goodsInflation is defined as a sustained increase in the price level. is this true or false?
- Indexation the automatic correction by law or contract of a dollar amount for the effects of inflation. True or False?If the government is concerned about high inflation, it will likely implement some sort ofWhen the economy is weak, fear of losing jobs cause consumers to cut back on spending. True False
- You are the chair of the Malaysian Economic Council. There has been an extremely hot weather due to a climate change. As a result, crop production has fallen drastically. The Prime Minister’s office calls you to discuss the impact on the economy. Would you explain to the Prime Minister that a sharp drop in Malaysia’s crop production would cause inflation, unemployment or both? Discuss.Assuming prices and output are somewhat flexible, an increase in consumer spending will cause inflation to __________ in the short run and growth to ___________ in the short run. increase/decrease increase/increase decrease/increase decrease/decrease uncertain/decreaseTrue/ false . The purchasing power and inflation have an inverse relationship.
