This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The main sources of cost-push inflation are increases in A) the money wage rate and the price of ... (Read 188 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
The main sources of cost-push inflation are increases in
 
  A) the money wage rate and the price of raw materials.
  B) the real wage rate and the price of raw materials.
  C) the money wage rate and aggregate demand.
  D) the quantity of money and the real wage rate.
  E) government expenditure and the quantity of money.

Question 2

What is a cartel?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A cartel is a group of firms acting together to limit output, raise price and increase economic profit. Cartels are illegal in the United States. Cartels operate in a market structure with oligopolies. If firms can stick to the cartel agreement, the firms can earn an economic profit. However, cartels tend to break down because firms are tempted to cheat on their cartel partners and increase their own profit at the expense of their partners.


lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jun 29, 2018
Correct answers!


macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Pre–Main-Sequence Evolutionary Tracks Pre–Main-Sequence Evolutionary Tracks
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Sources of hepatitis C infection. Sources of hepatitis C infection.
Food Sources of the Essential Fatty Acids Many oils and nuts Food Sources of the Essential Fatty Acids Many oils and nuts
Outgroup role in relative rate test Outgroup role in relative rate test
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: B cells and antibodies

For a complete list of videos, visit our video library