A Rise in the Price Level Because of an Increase

question 292

Multiple Choice

A rise in the price level because of an increase in the money wage rate

• A) definitely triggers a cost-push inflation.
• B) definitely triggers a demand-pull inflation.
• C) might trigger a cost-push inflation.
• D) might trigger a demand-pull inflation.

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Definitions:

Financial Projections

Estimates of future financial performance, including income, expenses, and cash flow, over a specific period.

Industry Averages

Statistical benchmarks that compare a company's performance with the average performance of other companies in the same industry.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

Financial Document

Written records that contain important financial information pertaining to a person or entity.