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Gillespie: Foundations of Economics 2e

Unit 28


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Question 1

Demand-pull inflation may be caused by:

Question 2


Question 3

An increase in injections into the economy may lead to:

Question 4

An increase in aggregate demand is more likely to lead to demand-pull inflation if:

Question 5

An increase in costs will:

Question 6

The effects of inflation on the price competitiveness of a country's products may be offset by:

Question 7

Menu costs in relation to inflation refer to:

Question 8

In the short run unemployment may fall below the natural rate of unemployment if:

Question 9

According to the Phillips curve unemployment will return to the natural rate when:

Question 10

The Phillips curve shows the relationship between inflation and what?