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Author Question: If increases in total spending are not offset by increases in the supply of goods and services, the ... (Read 111 times)

abarnes

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  • Posts: 556
on: Jun 30, 2018
If increases in total spending are not offset by increases in the supply of goods and services, the average price level will rise. Which of the following factors is responsible for this rise?
 a. Cost-push inflation
  b. Fiscal deficit
  c. Demand-pull inflation
  d. Wage-push inflation
  e. Unemployment

Question 2

Scarcity is the result of:
 a. government decision making.
 b. inappropriate normative judgments.
 c. positive economics.
 d. wants that exceed the resources necessary to provide them.


yotaSR5

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


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