Other Things Being Equal, If Input Prices Rise in a Country

question 349

Multiple Choice

Other things being equal, if input prices rise in a country, then there would be

• A)cost-push inflation.
• B)demand-pull inflation.
• C)cost-push deflation.
• D)more production and a lower price level.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or in the operating cycle of a business.

Net Fixed Assets

The value of a company's property, plant, and equipment minus any depreciation that has been accounted for.

Financial Planning

The process of determining and implementing strategies to achieve financial goals, including savings, investments, and budgeting.

Financial Goals

Objectives or targets set by an individual or organization regarding the management and allocation of finances.