Cost-Push Inflation Occurs When The

question 123

Multiple Choice

Cost-push inflation occurs when the:

• A) price of a key input increases suddenly.
• B) price level changes in response to changes in the business cycle.
• C) prices of necessity goods increase suddenly.
• D) business cycle becomes sporadic and unpredictable.

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Definitions:

Haploid

Having one of each type of chromosome characteristic of the species.

Diploid

Referring to a cell that contains two complete sets of chromosomes, one from each parent, typical of the body's somatic cells.

Zygote

A zygote is the initial cell formed when a new organism is produced by sexual reproduction, following the fusion of male and female gametes.

Fetus

Developing human from about 9 weeks until birth.