CH 28 Can UE Infl & B C - University of Lethbridge Department of Economics ECON 1012 Introduction to Microeconomics Instructor Michael G Lanyi

CH 28 Can UE Infl & B C - University of Lethbridge...

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University of Lethbridge Department of Economics ECON 1012 Introduction to Microeconomics Instructor: Michael G. Lanyi Chapter 28 Canadian UE, Infl & B. C. 1)Which of the following would cause the aggregate demand curve to keep shifting rightward year after year? A)A one-time tax cut.B)A one-time increase in government expenditures on goods and services.C)A persistent increase in the quantity of money.D)Inflation.E)Excess wage demands. Topic: Inflation Cycles 2)At full employment an increase in the quantity of money (ceteris paribus) can create a Topic: Inflation Cycles 3)Demand-pull inflation occurs when Topic: Inflation Cycles 4)Inflation resulting from an increase in aggregate demand is called Topic: Inflation Cycles 5)Which one of the following can create a demand-pull inflation? A)A cut in the interest rate.B)A decrease in government expenditure on goods and services.C)A decrease in investment as a result of a decrease in expected future profits.D)Higher wages negotiated by unions.E)A sharp increase in the price of oil. Topic: Inflation Cycles 1
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6)Stagflation occurs when the economy experiences both Topic: Inflation Cycles 7)Suppose the economy is in long-run equilibrium when the price of oil rises. Which one of the following is not a short-runeffect of this situation? Topic: Inflation Cycles
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