Cost-Push Inflation Starts with

question 12

Multiple Choice

Cost-push inflation starts with

• A) an increase in aggregate demand.
• B) a decrease in short-run aggregate supply.
• C) a decrease in aggregate demand.
• D) an increase in short-run aggregate supply.

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Definitions:

Demographic Variables

Characteristics of subjects that are often used to segment populations, such as age, gender, income, and education.

Significance Level

A rephrased version: The critical value that defines the cutoff for statistical significance in testing hypotheses, representing the risk of concluding a false positive.

Multiple Regression

A statistical tool that uses multiple variables as inputs to project the outcome of a related response variable.

Stepwise Regression

A method of regression analysis that involves automatically adding or removing predictor variables to a model to optimize some criterion.