Cost-Push Inflation Tends to Be Characterized by All of the Following

question 137

Multiple Choice

Cost-push inflation tends to be characterized by all of the following, except:

• A) Rising general price level
• B) Falling real output
• C) Automatically self-limiting
• D) Falling unemployment

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Definitions:

Noncash Assets

Resources that cannot be quickly turned into cash or are non-liquid, like land, machinery, and intellectual property rights.

Income Sharing

An arrangement where profits or revenues are distributed among stakeholders, partners, or employees, based on a predefined formula.

Gain (Loss)

The financial result that occurs when the selling price of an asset exceeds (or is less than) its purchase price.

Liquidation

The method of terminating a business and allocating its assets to those who have claims, typically happening when the business cannot pay its debts.