In the short-run, an increase in the price of raw materials will ________ the price level and ________ real GDP.
A) raise; increase
B) lower; increase
C) raise; decrease
D) raise; not change
E) lower; decrease
Correct Answer:
Verified
Q78: Q79: If the aggregate demand curve and the Q80: Which of the following factors could start Q81: When cost-push inflation starts, real GDP _ Q82: Suppose that the money prices of raw Q83: By itself, an increase in the price Q85: If the AD curve shifts rightward, then Q86: The Reserve Bank responds to an increase Q87: If the AD curve shifts rightward while Q88: Stagflation is defined as a period when
A)
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