The Difference Between Demand-Pull Inflation and Cost-Push Inflation Is That

question 55

Multiple Choice

The difference between demand-pull inflation and cost-push inflation is that

• A)demand-pull inflation is caused by movements of the aggregate supply curve; cost-push inflation is caused by changes in firms' costs of production
• B)cost-push inflation is caused by movements of the aggregate demand curve; demand-pull inflation is caused by cyclical activity in the economy
• C)demand-pull inflation is caused by movements of the aggregate demand curve; cost-push inflation is caused by movements of the aggregate supply curve
• D)demand-pull inflation is caused by government deficit spending; cost-push inflation is caused by firms
• E)demand-pull inflation is caused by foreign demand; cost-push inflation is caused by domestic production problems

Appreciate how transportation across different modes contributes to time and place utility.

Understand the relationship between product value and transportation mode selection.

Recognize the role of third-party logistics (3PL) in transportation management.

Analyze the impact of global supply chain strategies such as on-shoring and near-shoring.

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Definitions:

Probable Loss

An anticipated financial loss that has a greater than 50% chance of occurring, often recognized in financial statements in accordance with accounting principles.

Estimable Loss

A projected financial loss that can be anticipated and measured with reasonable accuracy.

Financial Statement Disclosure

The provision of information in a company's financial statements beyond the basic financial numbers, aimed at giving a complete understanding of the company's financial health.

Lawsuit Loss

Financial loss recognized by a company due to legal judgments or settlements in lawsuits.