Complete the sentences with the correct term.

Cost‑push inflation occurs when ____(short-run aggregate supply / aggregate demand)____ decreases until equilibrium output falls below the full employment level.
As a result, the ____(equilibrium output level / price level)_____ increases.
One possible cause of cost‑push inflation is an increase in ____(technology / the costs of inputs)_____.
To combat falling aggregate output, the government may introduce policies to increase ____(aggregate demand / long-run aggregate supply)_____ to the point where it and short‑run aggregate supply intersect ____(aggregate demand /
long-run aggregate supply)_____ at the same point.
These policies cause ____(the price level / equilibrium output)____ to return to its full employment level, and the ____(level of output / price level)_____ increases even further.

Answers

Answer 1

Answer:

Cost-push inflation occurs when short run aggregate supply decreases until equilibrium output falls below the employment level.

As a result, price level increases.

One possible cause of cost-push inflation is an increase in the cost of inputs.

To combat falling aggregate output, the government may introduce policies to increase in aggregate demand to the point where it and short-run aggregate supply intersect long run aggregate supply at the same point.

These policies cause equilibrium output to return to its full employment level, and the price level increases even further.

Explanation:

Cost‑push inflation is caused by a decrease in short‑run aggregate supply (SRAS) that results in an equilibrium below an economy's full employment level of aggregate output. This can be caused by a substantial increase in the cost of inputs, such as oil or wages, giving rise to an increase in the cost of production.

Initially, the economy will reach an equilibrium where the new SRAS curve intersects the aggregate demand curve. At this equilibrium, the aggregate output has decreased and the price level has increased.

Since the economy is now operating below full employment output, the government may get involved by creating policies to increase aggregate demand, so that the equilibrium returns to the full employment level of output. At this new equilibrium, aggregate output returns to the economy's full employment level, but the aggregate price level has increased further.


Related Questions

Theodosius left a will instructing the Romans to do what after his death?

Answers

Answer:

He decided to have the Roman Empire divided.

Explanation:

Give 3 reasons why you believe that the Constitution is very important?

Answers

Answer:

It is an important law of the land.

It determines the relationship of the citizens with the governments.

It lays down principles and guidelines which are required for people belonging to different ethnic and religious groups to live in harmony.

Identify each scenario as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscal policy.

a. An increase in the money supply is ___________ fiscal policy.
b. A decrease in taxes is ___________ fiscal policy.
c. A decrease in the unemployment rate is ___________ fiscal policy.
d. An increase in tax rates is ___________ fiscal policy.
e. A decrease in government spending is ___________ fiscal policy.
f. A decrease in the money supply is ___________ fiscal policy.
g. A decrease in transfer payments is ___________ fiscal policy.
h. An increase in corporate bonds purchased is ___________ fiscal policy.
i. An increase in government spending is ___________ fiscal policy.

WORD BANK
not an example of
a contractionary
an expansionary

Answers

Answer:

a. An increase in the money supply is not an example of fiscal policy.

b. A decrease in taxes is an expansionary fiscal policy.

c. A decrease in the unemployment rate is not an example of fiscal policy.

d. An increase in tax rates is a contractionary fiscal policy.

e. A decrease in government spending is a contractionary fiscal policy.

f. A decrease in the money supply is not an example of fiscal policy.

g. A decrease in transfer payments is a contractionary fiscal policy.

h. An increase in corporate bonds purchased is not an example of fiscal policy.

i. An increase in government spending is an expansionary fiscal policy.

Explanation:

Fiscal policy refers to changes in tax policy or government spending in pursuit of economic goals. Fiscal policy is expansionary if it leads to higher levels of spending and contractionary if it leads to reduced spending.

Two of the scenarios provide examples of expansionary fiscal policy. An increase in government spending and a decrease in taxes are both federal government mechanisms designed to increase aggregate demand. Expansionary fiscal policy is when the government expands the money supply using tools like increase spending or cut taxes.

Three of the scenarios provide examples of contractionary fiscal policy. A decrease in government spending, an increase in taxes, and a decrease in transfer payments are all federal government mechanisms designed to decrease aggregate demand. Contractionary fiscal policy is when the government reduces the money supply by decreasing spending or raising taxes.

Four scenarios do not exemplify fiscal policy, as they are not federal government mechanisms designed to expand or contract aggregate demand. Two of the scenarios concern changes in the money supply and so reflect monetary policy, conducted by the Federal Reserve. The other two scenarios depict phenomena that, taken on their own, are unrelated to fiscal policy. The unemployment rate could fall for various reasons and is not a part of fiscal policy. The volume of corporate bonds purchased could increase for a variety of reasons and is not a part of fiscal policy.

What good is often produced in and imported from Brazil?

- rice
- coffee
- chocolate
- oranges​

Answers

Answer:

Coffee.

Explanation:

Brazil is the largest producer of coffee.

HELP Which of the following best describes the United States?

It has a market economy with no government regulation. This is the only system that can work with a government run by the people.
It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems.
It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area.
It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.

Answers

I think the answer is D. good luck

Question 5 of 10
The main purpose of the Health Insurance Marketplace is to help people:
A. assess their insurance risks.
B. increase their insurance deductibles.
C. find health insurance plans,
D. extend their health insurance coverage.

Answers

The main purpose of the Health Insurance Marketplace is to help people find health insurance plans.

What is the purpose of Health Insurance Marketplace?

It is a service that helps people shop for and enroll in health insurance matters that affect them.

The Health Insurance Marketplace is a resource where individuals, families, and small businesses can:

Compare health insurance plans for coverage and affordability.Get answers to questions about your health care insurance.Enroll in a health insurance plan that meets your needs.

Hence, the main purpose of the Health Insurance Marketplace is to help people find health insurance plans.

Learn more about Health Insurance Marketplace here : https://brainly.com/question/1941778+

Answer: find health insurance plans

Explanation: because

The graph shows a business cycle for a hypothetical economy. Label all five areas on the graph using the appropriate economic term. Some of the terms may refer to more than one area on the graph, and some terms may not refer to any of the areas on the graph.

Answers

Answer:

Top: Peak

Middle: Trough

Bottom (in order): Recession, Expansion, Recession

Explanation:

A peak occurs when economic output reaches a maximum and transitions from getting larger to getting smaller. The top label points out the two peaks in this business cycle.

A trough is just the opposite. Economic output is minimized and changes from shrinking to expanding as time elapses. The second highest label points out the two troughs in this graph.

A recession occurs when economic output is shrinking. The shaded areas show declining economic output. That is, the curved line (the height of which measures economic output) is downward‑sloping. These are both recessions.

An expansion is the opposite. Between the two recessions, growing economic output indicates an expansion. The term expansion belongs in the label referring to the area between the two shaded bars.

The remaining terms are not typically used to describe the business cycle.

The Mayan people practiced a blank type of government
a. democracy
b. city-state
type of government.
c. theocracy
d. bureaucracy

Answers

c. Theocracy

Explanation:

The Mayans developed a hierarchical government ruled by kings and priests.

Theocracy is defined as a system of government in which priests rule in the name of God or a god.

Which of the following statements most accurately describes the influence of the Magna Carta on government in the United States? Like the nobles in King John’s time, the framers of the Constitution wanted to find ways to expand government’s power. The framers of the Constitution agreed that the role of the legislature should be one of giving advice, not suggesting new laws. The framers of the Constitution agreed that the powers of their king needed to be held in check. Like the nobles in King John’s time, the framers of the Constitution wanted protections against the abuse of government power.

Answers

The influence of the Magna Carter on government in the U.S. was  Like the nobles in King John’s time, the framers of the Constitution wanted protections against the abuse of government power.

How are the Magna Carter and the Constitutions related?

The Magna Carter was introduced in England to protect nobles and the people from the abuse of power by the English King.

The framers of the Constitution took note of this and included the Bill of Rights to protect Americans from the government's abuse of power.

Find out more on the Magna Carter at https://brainly.com/question/25378155.

Answer:

Its D

Explanation:

Now go do a stuff

Suppose that the government engages in expansionary fiscal policy by increasing government spending. Show the initial impact by properly shifting the aggregate demand curve (AD), the short‑run aggregate supply curve (SRAS), or the long‑run aggregate supply curve on the graph below.

Answers

Answer:

*see image*

Explanation:

An increase in government spending causes the aggregate demand curve to shift to the right.

Aggregate demand shows how the overall price level and the amount of goods and services purchased are related. One component of a nation's collective spending on goods and services are government purchases. Ceteris paribus, more government spending implies more total spending and is associated with aggregate demand increasing accordingly.

The aggregate supply curves, whether depicting a short run or a long run relationship, both show how the total amount of goods and services produced in the economy varies as the price level varies. This is not directly impacted by changes in government spending.

…Need help please?

Subject: Economic

Answers

Answer:

C. Managing inflation

Explanation:

✓  Open market operations are the key means by which a central bank controls inflation, money supply, and prices.

✓  Hopefully this helps you!

wishing you a amazing day! ・゚★,。・

-Keira :)

Answer:

It is determining tax rates, but also preventing recession.

Explanation:

Central banks are responsible for overseeing the monetary system for a nation (or group of nations), along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.

The Federal Reserve acts as the U.S. central bank, and in that role performs three primary functions: maintaining an effective, reliable payment system; supervising and regulating bank operations; and establishing monetary policies.

The first step in solving an ethical dilemma is to

Answers

Answer:

Weight the impact of each alternative on various skateholders.

Answer

Explanation:

gather the information that you have then identify the problem then explore the indications you have (if this didnt help im sorry)

What new route did explore Christopher Columbus follow in the 1492

Answers

Columbus' Route
Columbus devised a route to sail west across the Atlantic to reach Asia, believing it would be quicker and safer. He estimated the earth to be a sphere and the distance between the Canary Islands and Japan to be about 2,300 miles.Apr 28, 2015 :)

Answer:

He sailed west across the Atlantic and landed in the Caribbean islands.

100%

Explanation:

Match each definition with the appropriate measurement of economic output.

a. the market value of all final goods and services produced by resources owned by citizens of a particular country in a given year
b. GDP adjusted to base year prices
c. GDP divided by population
d. GDP adjusted for differences in the cost of living in different countries
e. the market value of all final goods and services produced by resources located in a particular country in a given year

WORD BANK
real GDP
GDP PPP
GNP
nominal GDP
GDP per capita

Answers

Answer:

a. GNP

b. real GDP

c. GDP per capita

d. GDP PPP

e. nominal GDP

Explanation:

Gross domestic product statistics come in a variety of forms designed to investigate different aspects of production and the standard of living.

Nominal GDP is the market value of all final goods and services produced in a given country in a given year. Nominal GDP uses the prices at which the goods actually sold to value them (market value), and is not concerned with intermediate goods, which are goods used as inputs in the production of some other good or service. GDP also uses everything produced within the borders of a particular country, regardless of who owns those resources. This means that Toyotas produced at a plant in Kentucky would count towards U.S. nominal GDP, but Fords produced in Mexico would not.

Gross national product, the measure most used by economists before the early 1990s, is very similar to nominal GDP. The only difference is that GNP uses output produced by resources owned by citizens of a particular country, regardless of where that production takes place. So for GNP, the Fords produced in Mexico would count towards U.S GNP, but the Toyotas produced in Kentucky would not.

The type of GDP used most often is real GDP. This is GDP with output valued at the prices from a designated base year rather than by the market prices at which products were actually sold. This removes increases in GDP which come from price increases, leaving only the increases in the actual production of goods and services.

Another popular GDP measure is GDP per capita, which is simply GDP divided by the population. GDP per capita reveals how much each person in a country would have if GDP were divided equally among the entire population. The actual distribution of income will not be even, of course, but it does give economists a good idea of the relative wealth of different countries.

International comparisons are often hampered by significant differences in prices between countries, particularly in the prices of services that are hard to trade, like taxi rides or haircuts. GDP PPP, or GDP adjusted for purchasing power parity, is an attempt to adjust statistics to allow for variations in the cost of living, to give a more realistic picture of the differences between nations.

Which is likely to provide the history of a word?
A) thesaurus
B) glossary
C) dictionary
D) guide word

Answers

Answer: A

Explanation:

SO SORRY IF ITS WRONG

Answer:

C

Explanation:

It is C because dictionaries are meant to help you find the meaning of a word.

Which of the following best describes
"equity?"
A. investing in a company
B. paying money back to a firm
C. printing more money for business use
D. buying products from a firm

Answers

Answer:

The sum of what the initial stockholders paid when they bought company shares and the earnings that the company has retained over the years.

Provide a clear explanation of the relationship of the three spheres SCIENCE SOCIETY AND TECHNOLOGY
in the figure below by showing concrete example and how they interact or relate each other. (e.g. Penicillin, What is the Science and Technology behind? How does this impact society?) ​

Answers

The relationship between science, society and technology is essential for the development and improvement of knowledge and quality of life.

What is scientific progress?

It is the deepening of knowledge, that is, it is the result of a collective and continuous research, made possible by the collaboration of more people in an investigation, and in the use of technology as an instrument to reach the objectives.

As an example of the impact of science, we have the discovery of penicillin, the first known antibiotic that revolutionized medicine and made it possible to cure previously deadly diseases.

Therefore, the interaction between science and technology is positive and helps in the development of all spheres of society.

Find out more about scientific method here:

https://brainly.com/question/17274244

Which of the statements concerning retirement accounts is true?

Individuals do not pay income tax on Social Security contributions, but there are no tax benefits tied to personal retirement accounts.

Contributions to personal retirement accounts remain the property of the individual or heirs, but Social Security payments are transferred to others.

Since Roth IRAs are funded with post‑tax dollars, they are never as attractive as pre‑tax traditional IRAs.

Individuals can allocate the funds in IRAs, 401(k)s, Roth IRAs, and Social Security accounts according to their risk preferences.

Answers

Answer:

Contributions to personal retirement accounts remain the property of the individual or heirs, but Social Security payments are transferred to others.

Explanation:

When working, the amount which you save for your personal retirement is your own money, however the money which is deducted for social security payments goes to those who are retired, have disabilities etc . When a person has been paying social security paymenrs, he becomes eligible for getting retirement benefits in future

Individual savers have different preferences when it comes to how much risk they want to take on their retirement accounts. Some are happy to take greater risks in order to (hopefully) earn greater rewards, but many, especially those close to retirement, would rather accept lower returns in order to avoid the possibility of losing part of their savings. Private retirement programs usually offer a range of risk options.

The Social Security Administration, however, handles things differently. Funds paid into the Social Security program are used to fund the benefits of current retirees; people working today will depend on payments made in the future by future workers to pay for their benefits. This is not how the program was originally envisioned, but people living longer lifespans, an increase in the number of retirees, and increases in benefits paid have all placed financial stress on the system.

Contributions to privately administered retirement programs remain the property of, and under the control of, the individual private contributors. Ownership may transfer to an heir or beneficiary, but that, too, is a private, individual decision.

The contributor's income that is invested into traditional IRAs is not taxed, but the withdrawals that are made at retirement age are taxed. The contributor's income that is invested into to Roth IRAs is taxed, but the withdrawals that are made at retirement age are not taxed.

Who started the fight between Hamilton and jefferson

Answers

The feud between Hamilton and Jefferson began as a battle for the approval of George Washington. When Washington became America's first president in 1789, he appointed both men to serve in his cabinet, Hamilton as Secretary of the Treasury and Jefferson as Secretary of State.

In Louisiana, judges are
To be eligible, a judge must have lived in his or her district for at
least
Justices who serve in the state supreme court are chosen according to
Each
justice serves for a

Answers

The judges eligibility in Louisiana are determined by number of years they have lived in the district, which must be for at least one year.

How are judges chosen in Louisiana?

In Louisiana, the judges are elected through the voting electorate of their districts.

However, their eligibility is determined by the number of years they have lived in the district, which must be for at least one year.

Read more about Louisiana judges

brainly.com/question/14497538


What is the lowest night time temperature do you need tomato need to produce tomatoes?
32
65
55

Answers

Answer:

33

Explanation:

Although tomato plants can survive temperatures down to 33

Where would you find symbols to help you understand what it represents on a map?

A. Symbol

B. Plotting points

C. Map legend

D. Cardinal directions

Answers

B the plot points because the points tell you what they mean

Answer:

Map legend

Explanation:

the symbols tell you what they represent on a map

Which of the following best describes a country’s external debt?

It is the portion of the total national debt that is financed by foreign bondholders.

It is the portion of the annual fiscal deficit financed by foreign bondholders.

It is the portion of the public debt financed by foreign bondholders.

It is the portion of the public debt financed by domestic bondholders.

Answers

It is the portion of the total national debt that is financed by foreign bondholders.

External debt is the total debt owed by the government, firms, and citizens of a country to foreign creditors. Portions of the external debt may be owed to private banks, other governments, and international financial institutions such as the International Monetary Fund (IMF) and World Bank.

Production of which natural resource is growing quickly in Western Europe

Answers

Europe also has a thriving non-wood forestry sector, which includes mushroom and truffle gathering, fruit and berry collection, and cultivation

What are three factors of credit unions?

Answers

Answer:

installment credit, revolving credit, and open credit.

What is an example of a role you receive at birth?

brother
stepbrother
stepsister
mother

Answers

Answer:

Brother

Explanation:

Because you cannot be born and instantly become a mother, and you cannot be born and become a step-sibling instantly because if you did you would be considered a half-sibling. Leaving the last answer to be a brother.

What is the most effective way for individual citizens to participate in the law-making process?

---Circulate a petition proposing or opposing a law.

---Ask the local newspaper to suggest a law.

---Talk to friends about the need for changing a law.

---Complain about laws in posts on social media.

Answers

Answer:

---Circulate a petition proposing or opposing a law.

Which of the following would not be a fossil?

A dinosaur footprint

An ancient bird nest mold

a fly stuck in tar a year ago

A mammoth stuck in ice

Answers

Answer:

fly stuck in tar would be the correct answer because fossils take long periods of time to form and the fly was only in the tar for a year

The fly because it’s new

3 ways that can be used to combat discrimination​

Answers

Answer:

1. Raise awareness. Let others know that people are being discriminated.

2. Find the reason for the discrimination. Finding out why certain groups of people are being discriminated against can help you pull it out by the roots.

3. Educate others about discrimination. Help others understand the effects of discrimination, and why it is important to put a stop to it.

Explanation:

Hope this helps!

1. Respect other cultures/racial differences/etc. at work.

2. Listen and educate yourself.

3. Challenge everyday discrimination.

The multiplier effect occurs when an initial increase (or decrease) in autonomous expenditure produces a greater increase (or decrease) in real GDP than the initial change.

In which type of discretionary fiscal policy does the multiplier play a role?
a. government spending changes only
b. both government spending changes and tax changes
c. neither government spending changes nor tax changes
d. tax changes only

Assume a marginal propensity to consume (MPC) of 0.5.

Which discretionary fiscal policy would have a more pronounced impact on the economy?
a. A 800 billion dollar increase in government spending, or a 800 billion dollar tax cut, would both have an equal impact on the economy.
b. A 800 billion dollar tax cut would have a more pronounced impact on the economy.
c. A 800 billion dollar increase in government spending would have a more pronounced impact on the economy.

Answers

Answer:

- both government spending changes and tax changes

- A 800 billion dollar increase in government spending would have a more pronounced impact on the economy

Explanation:

The multiplier plays a role in both government spending changes and tax changes. The multiplier depends on the MPC.

Multiplier = 1 / (1 − MPC)

If the government increases spending, the money spent will travel through the economy multiple times: once when the government spends the money and again as inviduals and businesses spend the money over and over. The amount that is spent in each round depends on the MPC. The same multiplier effect applies, for example, if the government cuts taxes.

The increase in government spending will have a larger impact on the economy. With government spending, the amount of increased spending is multiplied by the multiplier to figure out how much total economic impact the policy will have.

With a tax cut, some of the initial tax cut will be saved right away and therefore taken out of the spending cycle of the economy. Given the MPC of 0.5 in this problem, half of the tax cut will saved, leaving only the other half to travel through the economy according to the multiplier. Therefore, a tax cut has a less pronounced impact on an economy than government spending.

Other Questions
Add the number which comes in the middle of the series to the largest number and divide the total by the smallest number 28 5 18 6 7 100 POINTS!!!!Select 3 examples of netiquette guidelines..Follow the same standards online as you would in real life.Always write in all caps to ensure messages are understood.Deceive, steal, and defraud online when the opportunity arises.Respect other peoples data and time limitations.Share accurate and helpful information over the internet. Consider these equations:2S (s) + 3O2 (g)2SO3 (g), H = 792 kJ2S (s) + 2O2 (g)2SO2 (g), H = 594 kJ2SO2 (g) + O2 (g)2SO3 (g), H =?What is the missing H?a. 294 kJb. 198 kJc. +198 kJd. +294 kJ write an equation for the nth term of the arithmetic sequence -7, -2, 3, 8 Use the drop-down menu to select the education or qualification best demonstrated in each example.Nate is skilled at developing new ways to communicate with potential customers.Lucy is good at building relationships with contacts in the news media.Marco is able to juggle many tasks at once. Two urns both contain green balls and red balls. Urn I contains 6 green balls and 4 red balls, and Urn II contains 5 green balls and 6 red balls. A ball is drawn from each urn. Find P(green and green). how is heritage celebrated in schools , workplaces , and other institution like church etc When is it most beneficial and appropriate for a retailer to use a distribution center?. Coal is used in thermal power plants to generate electricity. When coal is burned, it releases heat energy that is used to convert water into steam. This steam is passed through turbines in order to generate electricity.Burning coal releases large quantities of carbon dioxide into the atmosphere. More and more coal is being mined in order to keep up with global demand for energy.How does burning coal impact the earth? A. Burning coal contributes to colder global temperatures. B. Burning coal contributes to a decrease in soil fertility. C. Burning coal contributes to warmer global temperatures. D. Burning coal contributes to an increase in soil fertility.please help QUICKLY!!!!!!! What is the vertex and axis of symmetry? According to the tenth amendment, the powers of blank are limited to only those specifically listed in the constitution. You walk 3/8 miles to a grocery store.Then you walk another 1/3 miles to a music store.How many miles have you walked in all Help me !! 10/7 x 9/8 7/9 x 8/10 Which matrix represents the system of equations shown below?9x + 5y = -162x - 10y = - 48 Is anyone able to help me find an simile for "A Brief Moment in the Life of Angus Bethune" Which information would be best shown in a pie chart?how the popularity of cats has changed over time.the different kinds of pets people ownwhen humans began keeping different animals as pets.what a pet hamster looks like Which object would weigh closest to 1 ton? A.Car B.Toothbrush C.Notebook D.Dog which has a positive impact on land a.composingb. deforestationc. miningd. urbanizationgiving brainiest A. DilationB. Rotation C. Reflection D. Translation In the early days after the Holocaust, many survivors faced the problem ofwanting to remain in Germany but having to leave. being forced to move to the country of Poland.wanting to live in Israel but not being accepted.having a difficult time finding new places to live.PLS HURRY