What type of inflation occurs if workers ask for higher wage

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Reference no: EM13243408

1. The existence of fiscal policy lags ________.

2. The time it takes for a policy to take effect in the economy is referred to as the _______ lag.

3. Which of the following best describes a cyclically balanced budget

4. The ability of a government to decide to spend its revenue from your taxes as it wishes is referred to as ________.

5. What type of inflation occurs if workers ask for higher wages and firms must raise product price in order to pay their workers?

6. All else being equal a decline in the supply of labor decreases

7. A decrease in the expected price level has the effect of _______.

8. In an inflationary spiral situation, the short-run aggregate supply curve shifts due to ________.

9. Which of the following is a stock Variable?

10. A trade deficit enables the federal government to finance a budget deficit through __________.

Reference no: EM13243408

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