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1. It is reasonable to assume that when GDP decreases, Unemployment increases.Select one:TrueFalse2.Which situation/s below can lead to Cost Push inflation? Marks will be deducted
1. It is reasonable to assume that when GDP decreases, Unemployment increases.Select one:TrueFalse2.Which situation/s below can lead to Cost Push inflation? Marks will be deducted for wrong answers.Select one or more:a. An increase in company tax.b.A decrease in labour cost.c.An increase in cost of energy.3.Refer to the diagram.Cost push inflation is caused bySelect one:a.A rightward shift of the AS curve.b.A rightward shift of the AD curve.c.A leftward shift of the AD curve.d. A leftward shift of the AS curve.
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