Author Question: For a demand-pull inflation to persist requires persistent increases in A) real GDP. B) the ... (Read 95 times)

anshika · **on:** Jun 29, 2018

For a demand-pull inflation to persist requires persistent increases in

A) real GDP.
B) the quantity of money.
C) tax rates.
D) government expenditures.
E) the real wage rate.

Question 2

The above figure shows the PPF for a country that produces computers and computer factories. The nation's production possibilities frontier is PPF0 . At which of the following production points would the economy grow most rapidly?

A) Point A
B) Point B
C) Point C
D) It makes no difference among the three points because they are all production efficient.
E) More information is needed to answer the question.