题目内容

In which of the following inflation scenarios does short-run aggregate supply decrease due to increasing wage demands?

A. Cost-push inflation.
B. Demand-pull inflation.
C. Both cost-push and demand-pull inflation.

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The least likely result of import quotas and voluntary export restraints is:

A. Increased revenue for the government.
B. A decrease in the quantity of imports of the product.
C. A shift in production toward higher-cost suppliers.

Long-term sustainable growth of an economy is least likely to result from growth in:

A. The supply of labor.
B. Capital per unit of labor.
C. Output per unit of labor.

When the economy is operating at the natural rate of unemployment, it is most likely that:

A. Inflation is accelerating.
B. Frictional unemployment is absent.
C. Structural unemployment is present.

Labor productivity is most likely to increase as a result of a (n):

A. Increase in physical capital.
B. Decrease in net immigration.
C. Increase in the labor force participation rate.

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