When a Cost- Push Inflation Starts

question 100

Multiple Choice

When a cost- push inflation starts

• A)the price level rises and real GDP decreases.
• B)the price level falls and the money wages rises.
• C)the short- run aggregate supply curve shifts rightward.
• D)real GDP rises faster than the quantity of money.

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Definitions:

Passive

Characterizing a lack of active response or action, often allowing others to dictate situations or outcomes.

Active

Engaging in physical movement or mental effort; not passive or stationary.

Nurture

The process of caring for and encouraging the growth or development of someone or something.

Non-normative Influence

Influences or events that do not follow the expected life patterns or timelines but significantly impact individual development.