Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

Related Mcqs:

Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

A. minimize negotiation costs B. minimize unemployment effects C. guarantee that only the least productive workers will be laid off. D. will equitable spread the layoffs among junior and senior workers...

The classical model of macroeconomics assumes ?

A. wages and prices are sticky B. wages and prices are flexible C. the economy may operate below full capacity D. the economy is always at full capacity E. A and C F. B and D...

The Phillips curve indicates that there is a ?

A. negative relationship between the inflation rate and labor demand B. positive relationship between labor supply and the inflation rate C. positive relationship between the inflation rate and the employment the D. negative relationship between the inflation rate and the unemployment rate...

Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?

A. Keynesian policies B. Supply-side policies C. Monetarist Policies D. Classical policies...

The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?

A. increase reduce B. increase, increase C. reduce, increase D. reduce, reduce...