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Question 1 of 20 5.0 Points Which of the following is considered a cause of inflation? A. Wages go down. B. Producers raise prices to meet higher costs. C. There is not enough money in the economy. D. Demand is less than supply.
PRODUCERS RAISE PRICES TO MEET HIGHER COSTS is considered a cause of inflation.
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Asked 8/11/2016 6:02:20 PM
Updated 8/11/2016 10:18:48 PM
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PRODUCERS RAISE PRICES TO MEET HIGHER COSTS is considered a cause of inflation.

Added 8/11/2016 10:18:48 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/12/2016 1:34:16 AM]
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Question 3 of 20 5.0 Points How does the expenditure approach calculate GDP? A. It adds up all the incomes in the economy. B. It adds up the value of four groups of final goods and services. C. It adds up the value of business goods and services. D. It adds up the value of consumer goods and services.
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Updated 8/11/2016 6:44:40 PM
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Expenditure approach adds up the value of four groups of final goods and services.
Added 8/11/2016 6:44:40 PM
This answer has been confirmed as correct and helpful.
Question 4 of 20 5.0 Points Which of the following is a main economic variable that affects business cycles? A. stagflation B. national income accounting C. interest rates D. personal savings
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Updated 8/12/2016 8:45:07 AM
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