Author Question: Demand-pull inflation is caused: a. by increases in production costs. b. by increases in tax ... (Read 60 times)

armygirl · **on:** Jun 30, 2018

Demand-pull inflation is caused:
a. by increases in production costs.
b. by increases in tax rates by the government.
c. by trade unions' pressure for wage hike.
d. when spending increases in an economy producing at its maximum capacity.
e. when increases in the supply of goods are exactly offset by increases in spending.

Question 2

Economics is primarily the study of:
a. human greed.
b. how firms compete for profits in the marketplace.
c. how limited resources are allocated to satisfy unlimited wants.
d. how successful investors make money in the stock market.