Cost-Push Inflation Can Start with

question 322

Multiple Choice

Cost-push inflation can start with

• A) lower taxes.
• B) an increase in government expenditure.
• C) higher money wage rates.
• D) an increase in transfer payments.

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Definitions:

Unauthorized Contract

An agreement that lacks the approval or authority from the necessary or legally required parties.

Implied Authority

Authority of an agent that is not explicitly stated but is assumed to be granted in order to perform duties related to a job or position.

Express Authority

Authority expressly given to an agent or representative, defined explicitly in words or writing.

Apparent Authority

a situation where a person appears to have the authority to act for another, leading a reasonable third party to believe that authority exists.