15.______________Demand-pull inflation: FILL IN THE BLANK A) occurs when total spending in the economy is excessive. B) is measured differently than cost-push inflation. C) can be present even during an economic depression. D) is also called "hyperinflation. E) is also called deflation"

Q: At full employment, the expected inflation rate is A. higher than the inflation rate O B. equal to…

A: Full employment refers to an economic condition in which all available labour resources are being…

Q: 1.Explain the trade-off between unemployment and inflation.

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A: The objective of the question is to identify the statement that does not accurately describe the…

Q: Question 39 Menu costs of inflation O a) occur when people interpret nominal changes in prices as…

A: Menu cost is a type of cost which occurs due to inflation.

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A: Inflation:- Inflation refers to decrease in purchasing powers to currency due to increase in price…

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A: At the end of the year, wages increases by 1% and inflation increases by 3%. Hence, the money wage…

Q: If the inflation rate turns out to be greater than was is expected to be, the clear winners are…

A: The inflation rate is a measure that quantifies the percentage increase in the general price level…

Q: 2.Because it excludes food and energy prices, _______ inflation is more stable than _______…

A: As per the guidelines, incase of multiple questions we are allowed to answer the first question…

Q: Tim manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash…

A: The measure that depicts the general rise in prices of goods and services in the economy is known as…

Q: to replace higher cost goods with lower cost goods.

A: In a fixed weight price index,the quantities or weights tend to remain fixed and any change in the…

Q: Match the term to the definition: The sustained rise in the average price level over a period of…

A: A business cycle describes the changes or fluctuations in the economic activity of an economy that…

Q: Assuming prices and output are somewhat flexible, an increase in consumer spending will cause…

A: The assumption that prices and output(y) are flexible allows for changes in the equilibrium level as…

Q: Assuming prices are sticky in the short run, a decrease in useful government spending will cause…

A: Decrease in G shifts the AD curve to the left, leading to a lower real GDP and a lower price level…

Q: Explain with the support of graph(s), demand-pull and cost push inflation

A: The rate at which prices rise over time is referred to as inflation. Inflation is typically defined…

Q: The government of the United States is worried that the inflation rate is too high. What fiscal…

A: Option D To reduce the inflation rate, the government has to undertake steps to reduce the level of…

Q: The government leaders of Nestua believe that corporations in Nestua are not paying their fair share…

A: Answer to the question is as follows:

Q: Suppose that inflation increases from Year #1 to Year#2 without growth. Which of the following…

A: The question is asking us to identify which graph correctly represents a situation where inflation…

Q: Use the following information for 2019 to answer two questions. Prices That Rose Health insurance…

A: % change in fruit prices = (1/3)*(% change in the price of Apple) + (1/3)*(% change in the price of…

Q: Real GDP grew by 4.6% last year, while nominal GDP grew by 8.2%. Calculate inflation for the period.…

A: Real GDP is a proportion of a nation's GDP that has been adapted to expansion. Balance this with…

Q: to measure inflation? a.) consumer price index b.)demand -supply curve c.) stagnation d.)inflation…

A: Inflation refers to rise in price levels. It leads to higher prices.

Q: The economy has part time workers of 30 million people, and full time workers of 160 million people.…

A: Part-time workers = 30 million. Full time workers = 160 millionpeople with no job and looking for a…

Q: A ______ inflation occurs when the the ____________ will shift to the right in the short run due to…

A: Cost Push inflation is the increase in prices due to high production cost and high  prices of raw…

Q: Use the following data for 2021 to answer one question: Prices That Rose Gasoline Beef Cigarettes…

A: The price level rises significantly in a country coupled with decreasing purchasing power of people…

Q: Inflation Group of answer choices a. Means demand is falling and supply is rising. b. Is a general…

A: Here, the question is about Inflation. Thus, let's discuss all the facts and statements regarding…

Q: ___________ inflation is caused by an increase in the cost of production, leading to higher prices…

A: Inflation is the sustained increase in the general price level of goods and services in an economy…

Q: 3. Which of the following characterises that Mr. Khalid was dismissed from his job due to a fall in…

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Q: Say that the price of a representative basket of consumer goods and services in a hypo- thetical…

A: Price index: It refers to the measures that take a weighted average of the price of a basket of…

Q: 2)  a) The official, measured rate of unemployment fluctuates around the economy’s natural rate of…

A: Unemployment rate:  It is the percentage of the labour force that is unemployed. Natural…

Q: With respect to the concept of inflation, it is correct to say that ________. options:   A)…

A: Inflation is the rate of increase in average price level of goods and services

Q: 2.1. Explain the changes in the following economic variables with proper justification during Peaks…

A: During peak business cycles, there is higher GDP, increasing growth rate and lower level of…

Q: OR owth rate 10.9% 5.1% -3.2% 0.3% ployment rate 1.5% 3% 10.1% 7.2% on rate 6% 3.8% -1% 1.5% 4.…

A: The business cycle is the ups and downs of the economy wherein the output, employment as well as…

Q: Which of the following best represents a combination of inflation, slow economic growth and high…

A: The economies around the world work with the main motive of enhancing their overall growth, which…

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Q: Will the following lead to cost-push or demand-pull inflation? (a) The discovery of a large and…

A: Demand pull inflation in the country is triggered by a rise in the country’s total demand. The…

Q: Which statement best describes U.S. inflation between 1982 and 2000?   A. It was virtually…

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Q: Unanticipated inflation erodes the purchasing power of money. ___________ is hurt least by…

A: Unanticipated inflation erodes the purchasing power of money. ___________ is hurt least by…

Q: Because there isn't one single measure of inflation, the government and researchers use a variety of…

A: GDP deflator for the year is calculated by dividing the value of all the goods and services produced…

Q: . _______________________ happens when the economy is producing at its potential and unemployment is…

A: In macroeconomics, economic fluctuations are generally studied using the concepts of aggregate…

Q: Which of the following are likely consequences of rising inflation? Check all that apply. Savers…

A: The first part of the question is asking about the likely consequences of rising inflation.…

Q: According to the textbook,  How do economists use the equation m * v = p * yR to explain the cause…

A: Inflation is an economic term that refers to a sustained and substantial rise in general prices in…

Q: Using the following information about the CPI for an economy, what is the inflation rate for 2010?…

A: Inflation rate = CPIt- CPIt-1CPIt×100   where t is current year t-1 is previous year   Real Interest…

Q: 2. When too much money chases too few goods, the resulting Inflation is called: a) Deflation b)…

A: According to the given question When too much money chases too few goods the resulting inflation is…

Q: Why is it difficult for companies to be profitable under deflation? Explain by comparing the…

A: Inflation refers to the rate at which the average price level of all goods and service rises in the…

Q: What is inflation? A) A decrease in the general price level B) An increase in the general price…

A: Inflation is a term used in economics to describe a situation where the average price of goods and…

Q: Inflation does which of the following:   Question 36 options:   a)  hurts households who borrow…

A: Inflation does which of the following: Question 36 options:   a)  hurts households…

Q: Explain (define) the terms given below with appropriate examples. a) Inflation b) Deflation  c)…

A: a) Inflation: Inflation is the rate of rising prices over a given period of time. In general words,…

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.