Which of the Following Will Increase Macroeconomic Equilibrium Prices

question 102

Multiple Choice

Which of the following will increase macroeconomic equilibrium prices?

• A)a decrease in government spending.
• B)a decrease in productivity.
• C)an increase in taxes.
• D)a decrease in input prices.

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Definitions:

Primary Labour Market

Jobs that provide stable and comfortable salaries, potential for growth and promotion, and fringe benefits, but also require postsecondary training or education.

Minimum Wage

The lowest legal hourly rate of pay that an employer can pay to workers.

Military Junta

A government led by a committee of military leaders, often established after a coup d'état, ruling without constitutional legitimacy.

Military Coup

An illegal and sudden overthrow of a government by the military or a part of the armed forces, often resulting in a change of political power.