An Increase in Inflation Is Likely to Occur When Government

question 105

Multiple Choice

An increase in inflation is likely to occur when government:

• A)counters cost-push inflation with a stimulative fiscal policy or monetary policy.
• B)adopts a hands-off approach to cost-push inflation.
• C)increases aggregate supply by lowering nominal wages.
• D)increases aggregate demand by raising nominal wages.

Identify the concept of anchor stores and their significance.

Acknowledge the challenges and costs of locating a business in a central business district.

Understand the differences between a process layout and a product layout in manufacturing.

Grasp the considerations before selecting a business site, including the internal layout.