The Main Sources of Cost- Push Inflation Are Increases in

question 103

Multiple Choice

The main sources of cost- push inflation are increases in

• A)real wage rates and the cost of raw materials.
• B)aggregate demand and real wage rates.
• C)money wage rates and aggregate demand.
• D)money wage rates and the cost of raw materials.

Understand how fiscal policy influences real GDP and employment.

Understand the mechanisms and effects of fiscal policies on aggregate demand and GDP.

Identify the role of government expenditures, taxes, and net taxes in shaping economic outcomes.

Comprehend the principles behind the spending multiplier and its impact on the economy.

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Definitions:

Negligence

The failure to take reasonable care to prevent harm to others that a reasonably prudent person would have taken under the same circumstances.

Check 21 Act

A U.S. federal law that facilitates check truncation by creating a new type of negotiable instrument called a substitute check.

Electronically

Refers to processes, transactions, or communications that are conducted using electronic devices or over the internet.

Mandatory

Required or obligatory, implying that it must be done or adhered to without choice.