Demand pull inflation can be started by
A) a decrease in net exports.
B) an increase in government expenditure.
C) a decrease in the money price of resources.
D) an increase in the price of oil.
E) a decrease in the quantity of money.
Question 2
Suppose the U.S. price level is 150, the German price level is 450, and the Swiss price level is 600.
If exchange rates are 3 euros/dollar and 4 francs/dollar, then purchasing power parity ________ between Germany and the United States and ________ between Switzerland and the United States.
A) does not hold; holds B) holds; does not hold
C) does not hold; does not hold D) holds; holds
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