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
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325
Question 10
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 level.
D cost-push inflation
Question 11
1080
100
e di
OT
n
Transcribed Image Text:> 325 Question 10 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 level. D cost-push inflation Question 11 1080 100 e di OT n
Question 12
Which of the following event leads to demand-pull inflation?
A An improvement in technology.
B) A rise in interest rates.
C
D
A rise in wages.
1080
A rise in expected future profit.
Question 13
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@fi
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Transcribed Image Text:Question 12 Which of the following event leads to demand-pull inflation? A An improvement in technology. B) A rise in interest rates. C D A rise in wages. 1080 A rise in expected future profit. Question 13 Et @fi T ¦
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