>325Question 10A rise in wages would raise cost of production and hence leads toA) a fall in the price level.B) demand-pull inflationC) no changes in the price level.D cost-push inflationQuestion 111080100e diOTn Question 12Which of the following event leads to demand-pull inflation?A An improvement in technology.B) A rise in interest rates.CDA rise in wages.1080A rise in expected future profit.Question 13Et@fiT¦

Inflation is the rise in the general price level in the economy. There are two causes of inflation,…

Answered: A rise in wages would raise cost of…

A rise in wages would raise cost of production and hence leads to A a fall in the price level. B) demand-pull inflation C no changes in the price lovol

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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