Cost-push inflation: a. Is caused by excessive total spending. b. Shifts the nation's production possibilities curve leftward.
Question:
a. Is caused by excessive total spending.
b. Shifts the nation's production possibilities curve leftward.
c. Moves the economy inward from its production possibilities curve.
d. Is a mixed blessing because it has positive effects on real output and employment.
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c Moves the economy inward from its produ...View the full answer
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