A Once-And-For-All Increase in the Price of a Raw Material,such

question 126

Multiple Choice

A once-and-for-all increase in the price of a raw material,such as crude oil,will

• A)not be inflationary,because this is,simply,"high prices."
• B)have a short-run inflationary effect and reduces employment.
• C)have no effect on inflation because this is the price of a raw material,not a final good.
• D)both A and C are correct

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Definitions:

Grafting

A horticultural technique where tissues of plants are joined so as to continue their growth together, often used to propagate fruit trees or repair damaged plants.

Polyploidy

Condition of having three or more of each type of chromosome characteristic of the species.

Inducing Cutting

The process of stimulating the division or propagation of plants through the cutting of plant parts.

Phototropism

The growth or movement response of a plant part toward or away from light, demonstrating how plants adapt to their environment for optimal light absorption.