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1. When demand is growing excessively in comparison to supply, it will create structural unemployment Demand-pull...

1. When demand is growing excessively in comparison to supply, it will create

  1. structural unemployment
  2. Demand-pull inflation
  3. Stagflation
  4. cost-push-inflation.

2. Inflation will have an impact on _____ one of the macroeconomic goals.

  1. price level stability,
  2. Maximum production,
  3. minimum cost
  4. economic development,

3. When OPEC cut the supply to the world market, it created

  1. budget deficit.
  2. under-employment.
  3. demand -pull inflation.
  4. cost -push inflation.

4. The cost of repricing goods during times of inflation is called

  1. menu-cost of inflation
  2. cost of living adjustment
  3. bracket creep
  4. discomfort index
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Answer #1

1. b. Demand pull inflation

2. a. Price level stability

3. c. Cost push inflation

4. a. Menu cost of inflation

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