A Demand-Pull Inflation Initially Is Characterized by

question 239

Multiple Choice

A demand-pull inflation initially is characterized by

• A)increasing real output and a labor shortage.
• B)increasing real output and a labor surplus.
• C)decreasing real output and a labor shortage.
• D)decreasing real output and a labor surplus.
• E)no change in real output and a labor shortage.

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Definitions:

Weak Form

In finance, a theory suggesting that asset prices fully reflect all information contained in past trading data, meaning past prices and volumes cannot predict future prices.

Security Price

The security price is the current market value at which a particular security (like stocks, bonds) can be bought or sold in the financial markets.

Abnormal Return

The difference between the actual return of a security and the expected return predicted by an equilibrium model.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.