Macroeconomics
What is the impact of cost-push inflation on consumer purchasing power?
Which of the following best describes the cause of demand-pull inflation?
What is the impact of demand-pull inflation on consumer purchasing power?
A sudden increase in oil prices causes a supply shock. What is the likely impact on the equilibrium quantity?
What is demand-pull inflation?
What happens to the demand curve in a graph illustrating demand-pull inflation?
In a supply and demand graph, what happens to the equilibrium price and quantity when demand-pull inflation occurs?
A sudden increase in raw material prices causes a supply shock. What is the likely impact on the supply curve and equilibrium price?
If a major natural disaster disrupts production, which type of inflation is most likely to occur?
Which statement best compares demand-pull and cost-push inflation?
