Choose either the word decrease or increase to fill in the blanks.
(a) When input costs _____, production costs _____, and this causes rising prices at each output gap.
(b) A(n) _____ in productivity leads to falling production costs and the _____ in prices at each output gap.
(c) A(n) _____ in productivity leads to rising production costs and the _____ in prices at each output gap.

Question

Quizplus · Accepted Answer

The Answer of Choose either the word decrease or increase to fill in the blanks.
(a) When input costs _____, production costs _____, and this causes rising prices at each output gap.
(b) A(n) _____ in productivity leads to falling production costs and the _____ in prices at each output gap.
(c) A(n) _____ in productivity leads to rising production costs and the _____ in prices at each output gap.

Choose Either the Word Decrease or Increase to Fill in the Blanks