A Price Shock Could Be the Result of

question 39

Multiple Choice

A price shock could be the result of

• A) a sudden increase in the cost of securing certain important raw materials.
• B) a large and generous wage settlement that sets the precedent for wage settlements in the foreseeable, short-term future.
• C) a dramatic increase in the level of inflation expected by the major price setters across an economy.
• D) a sudden reduction in the money supply that looks just like an equivalent increase in the price level.
• E) all answers but d.

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