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Q: What is the possible consequence of the following scenario? Because of high unemployment rates in the country of Lavernia, employers offer higher wages. To meet their higher payroll costs and
maintain profits, they charge consumers more for goods and services. a. a prolonged period of deflation b. demand-pull inflation c. a wage-price spiral of ever-increasing prices d. increasing numbers of people living on a fixed income
A: Because of high unemployment rates in the country of Lavernia, employers offer higher wages. To meet their higher payroll costs and maintain profits, they charge consumers more for goods and service. The possible outcome is c. [ a wage-price spiral of ever-increasing prices. ]
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Original conversation
User: Which theory of inflation states that all sectors in the economy try to buy more than the economy can produce, which in turn creates shortages and lost business for merchants. a. demand-pull theory c. wage-price spiral b. cost-push theory d. economic growth theory

User: What is the possible consequence of the following scenario? Because of high unemployment rates in the country of Lavernia, employers offer higher wages. To meet their higher payroll costs and maintain profits, they charge consumers more for goods and services. a. a prolonged period of deflation b. demand-pull inflation c. a wage-price spiral of ever-increasing prices d. increasing numbers of people living on a fixed income

Weegy: Because of high unemployment rates in the country of Lavernia, employers offer higher wages. To meet their higher payroll costs and maintain profits, they charge consumers more for goods and service. The possible outcome is c. [ a wage-price spiral of ever-increasing prices. ]
vixson66|Points 239|

User: The Quantity Theory states that inflation a. occurs when demand for goods and services exceeds existing supply. b. is caused by too much money in the economy. c. occurs when producers raise prices to meet increased costs. d. is a result of the rise in wages due to a rise in prices.

Weegy: The Quantity Theory states that inflation b. is caused by too much money in the economy.
Expert answered|selymi|Points 11742|

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Asked 10/31/2013 7:27:48 AM
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