Cost-Push Inflation

question 253

Multiple Choice

Cost-push inflation

• A)is caused by excessive total spending.
• B)shifts the nation's production possibilities curve leftward.
• C)moves the economy inward from its production possibilities curve.
• D)is a mixed blessing because it has positive effects on real output and employment.

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Definitions:

Likelihood

A statistical term that measures the probability of a particular outcome given a set of conditions or parameters.

Three-dimensional

Having or appearing to have length, breadth, and depth; often used to describe objects or images that have a perception of depth.

Fixation

An obsessive focus or attachment to someone or something, potentially causing psychological issues.

Arrangement

The act of organizing or placing things in a specific order or pattern.