Question 1

Compare and contrast the different causes of inflation.
-In most cyclical expansions, do prices go up or down? Why?

Accepted Answer

The answer of Compare and contrast the different causes of...

Question 2

Whats defention of terms:
-cost-push inflation

Accepted Answer

The answer of Whats defention of terms:
-cost-push inflation...

Question 3

Compare and contrast price movements in competitive markets and monopoly/oligopoly markets.
-What are the differences between a competitive market and monopoly/oligopoly markets? How does that impact prices and price formation?

Accepted Answer

The answer of Compare and contrast price movements in competitive...

Question 4

Whats defention of terms:
-oligopoly

Accepted Answer

The answer of Whats defention of terms:
-oligopoly...

Question 5

Whats defention of terms:
-repressed inflation

Accepted Answer

The answer of Whats defention of terms:
-repressed inflation...

Question 6

Compare and contrast price movements in competitive markets and monopoly/oligopoly markets.
-Describe differences in historical price movements between competitive and monopoly/oligopoly markets?

Accepted Answer

The answer of Compare and contrast price movements in competitive...

Question 7

The Keynesian explanation of inflation is that

Accepted Answer

A)   it is caused by aggregate demand rising faster than aggregate supply.
B)   it is caused by aggregate supply rising faster than aggregate demand.
C)   it is caused by an expansion of the money supply.
D)   it is caused by rising costs of production during a time of deficient aggregate demand.E) C) and D)
F) A) and D)

Question 8

The annual rate of inflation is typically measured by

Accepted Answer

A)   a percentage increase in the price of gasoline and other basic commodities.
B)   the difference in the Consumer Price Index from one year to the next.
C)   the percentage change in the Consumer Price Index.
D)   the increase in the real GDP.E) A) and D)
F) B) and C)

Question 9

Explain the relationship of oligopolies and profit-push inflation.
-What is profit-push inflation?

Accepted Answer

Oligopolies and profit-push inflation ar...

Question 10

Whats defention of terms:
-stagflation

Accepted Answer

The answer of Whats defention of terms:
-stagflation...

Question 11

The phenomenon of inflation during recessions

Accepted Answer

A)   is explained by progressive economists as "demand-pull" inflation.
B)   does not occur.
C)   is explained by conservative economists as "cost-push" inflation.
D)   is caused by wage and price controls.E) B) and C)
F) A) and D)

Question 12

Gardiner Means examined the relationship between prices and output during the Great Depression and found that

Accepted Answer

A)   oligopoly industries maintained prices by greatly reducing output.
B)   oligopoly industries lowered prices by increasing output.
C)   oligopoly industries increased prices through sheer monopoly power.
D)   oligopoly industries greatly reduced prices and managed to maintain production levels.E) A) and B)
F) A) and C)

Question 13

Keynesian theory predicts that inflation

Accepted Answer

A)   will rise during expansions and rise during recessions.
B)   will fall during expansions and rise during recessions.
C)   will fall during expansions and fall during recessions.
D)   will rise during expansions and fall during recessions.E) All of the above
F) A) and B)

Question 14

Whats defention of terms:
-effective demand

Accepted Answer

The answer of Whats defention of terms:
-effective demand...

Question 15

Explain why there has been inflation in every recession of the last fifty years.
-In most cyclical recessions up until the 1950s, did prices go up or down? Why?

Accepted Answer

The answer of Explain why there has been inflation in...

Question 16

Whats defention of terms:
-profit-push inflation

Accepted Answer

The answer of Whats defention of terms:
-profit-push inflation...

Exam 50: Inflation

Whats defention of terms: -stagflation

Correct Answer
verified

Explain why there has been inflation in every recession of the last fifty years. -In most cyclical recessions up until the 1950s, did prices go up or down? Why?

Correct Answer
verified

Whats defention of terms: -repressed inflation

Correct Answer
verified

Whats defention of terms: -effective demand

Correct Answer
verified

Gardiner Means examined the relationship between prices and output during the Great Depression and found that

Correct Answer
verified

Explain the relationship of oligopolies and profit-push inflation. -What is profit-push inflation?

Correct Answer
Answered by ExamLex AI
Oligopolies and profit-push inflation ar...
View Answer

Whats defention of terms: -cost-push inflation

Correct Answer
verified

The annual rate of inflation is typically measured by

Correct Answer
verified

Whats defention of terms: -oligopoly

Correct Answer
verified

Compare and contrast price movements in competitive markets and monopoly/oligopoly markets. -What are the differences between a competitive market and monopoly/oligopoly markets? How does that impact prices and price formation?

Correct Answer
verified

The phenomenon of inflation during recessions

Correct Answer
verified

The Keynesian explanation of inflation is that

Correct Answer
verified

Compare and contrast price movements in competitive markets and monopoly/oligopoly markets. -Describe differences in historical price movements between competitive and monopoly/oligopoly markets?

Correct Answer
verified

Keynesian theory predicts that inflation

Correct Answer
verified

Whats defention of terms: -profit-push inflation

Correct Answer
verified

Compare and contrast the different causes of inflation. -In most cyclical expansions, do prices go up or down? Why?

Correct Answer
verified

Exam 50: Inflation

Whats defention of terms: -stagflation

Correct AnswerverifiedShow Answer

Explain why there has been inflation in every recession of the last fifty years. -In most cyclical recessions up until the 1950s, did prices go up or down? Why?

Correct AnswerverifiedShow Answer

Whats defention of terms: -repressed inflation

Correct AnswerverifiedShow Answer

Whats defention of terms: -effective demand

Correct AnswerverifiedShow Answer

Gardiner Means examined the relationship between prices and output during the Great Depression and found that

Correct AnswerverifiedShow Answer

Explain the relationship of oligopolies and profit-push inflation. -What is profit-push inflation?

Correct AnswerAnswered by ExamLex AIOligopolies and profit-push inflation ar...View AnswerShow Answer

Whats defention of terms: -cost-push inflation

Correct AnswerverifiedShow Answer

The annual rate of inflation is typically measured by

Correct AnswerverifiedShow Answer

Whats defention of terms: -oligopoly

Correct AnswerverifiedShow Answer

Compare and contrast price movements in competitive markets and monopoly/oligopoly markets. -What are the differences between a competitive market and monopoly/oligopoly markets? How does that impact prices and price formation?

Correct AnswerverifiedShow Answer

The phenomenon of inflation during recessions

Correct AnswerverifiedShow Answer

The Keynesian explanation of inflation is that

Correct AnswerverifiedShow Answer

Compare and contrast price movements in competitive markets and monopoly/oligopoly markets. -Describe differences in historical price movements between competitive and monopoly/oligopoly markets?

Correct AnswerverifiedShow Answer

Keynesian theory predicts that inflation

Correct AnswerverifiedShow Answer

Whats defention of terms: -profit-push inflation

Correct AnswerverifiedShow Answer

Compare and contrast the different causes of inflation. -In most cyclical expansions, do prices go up or down? Why?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Oligopolies and profit-push inflation ar...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified