15. Which of the following statements is true? a. Demand-pull inflation is caused by excess total spending.

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15. Which of the following statements is true?

a. Demand-pull inflation is caused by excess total spending.

b. Cost-push inflation is caused by an increase in resource costs.

c. If nominal interest rates remain the same and the inflation rate falls, real interest rates increase.

d. If real interest rates are negative, lenders incur losses.

e. All of the above are true.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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