Theoretically,one Can Distinguish a Demand-Pull Inflation from a Cost-Push Inflation

question 34

Multiple Choice

Theoretically,one can distinguish a demand-pull inflation from a cost-push inflation by comparing

• A)how fast prices rise relative to wages.
• B)the unemployment rate with its natural rate level.
• C)when prices rise relative to wages.
• D)government debt to real GDP.

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Definitions:

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Contact Lenses

Optical devices worn directly on the cornea of the eye to correct vision or for cosmetic purposes.

Students

Individuals who are enrolled in an educational institution for the purpose of learning and acquiring knowledge and skills.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 means the event will not happen, and 1 means it will definitely happen.