40 Which category of inflation occurs when the general cost of production rises and produces a decrease in the aggregate supply of goods and services? Push-pull inflation Cost-push inflation Negative inflation Demand-pull inflation NEXT > BOOKMARK CLEAR 41 Maria earns $10 for every hour that she works. Instead of working two more hours this week, she decided to watch a movie instead. Which term describes the $20 Maria did not eam because she chose to watch a movie instead of working? Equilibrium income Opportunity cost Crowding out Monetary policy BOOKMARK CLEAR 42 Why is $100 today preferable to $100 in the future? The present value of $100 in the future would be more than $100 today. The future value of $100 today with an acceptable compounding rate would result in a lower value. The present value of $100 in the future would be less than $100 today The present value of $100 in the future with an acceptable compounding rate would result in a higher value. NEXT > BOOKMARK CLEAR Next