In the Case of Cost-Push Inflation, Other Things Being Equal

question 15

Multiple Choice

In the case of cost-push inflation, other things being equal:

• A) both the inflation rate and the unemployment rate rise at the same time.
• B) the unemployment rate rises but the inflation rate falls.
• C) the inflation rate rises but the unemployment rate falls.
• D) both the inflation rate and the unemployment rate fall.

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Definitions:

Lifestyle Entrepreneur

An entrepreneur who starts a business primarily to change their personal lifestyle, rather than for financial gain.

Work Hours

The scheduled time during which an employee is expected to perform duties at their job.

Life Control

The ability or capacity to influence and direct the course of one's life events and decisions.

Classic Entrepreneur

Person who identifies a business opportunity and allocates available resources to tap that market.