Answer to Question #16183 in Economics of Enterprise for a n m

Question #16183
Will the following lead to cost-push or demand-pull inflation, or both? (a) The Reserve Bank cuts interest rates and the economy booms. Cost-push / Demand-pull / Both (b) As a result of falling unemployment, trade unions become more militant and demand higher wages. Cost-push / Demand-pull / Both (c) The government raises the rate of GST. Cost-push / Demand-pull / Both (d) The government cuts income tax rates and raises government expenditure at a time of near full employment. Cost-push / Demand-pull / Both (e) Increasing industrial concentration leads to more oligopolistic collusion to raise prices. Cost-push / Demand-pull / Both
1
Expert's answer
2012-10-11T08:19:28-0400
a) Cost-push
b) Cost-push
c) Demand-pull
d) Demand-pull
e)
Demand-pull

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