Inflation may occur if
...Inflation may occur if
Rate of productivity is higher than the wage rate
Prices fluctuate during a particular season of the year
Wage increase is granted without an increase in productivity
The government embarks on restrictive monetary policies
Correct answer is C
If salaries and wages are increased without a corresponding increase in production, it will lead to inflation. This is so because they will be excess money chasing few the goods that are available in the market.
A commodity is described as inferior when the ...
The final stage in the production process of any commodity involves its movement from the ...
An improvement in technology will enable the country to produce at ...
In a free market economy, the price system allocates resources ...
One of the factor that may not promote industrial development is ...
When the demand for a good is fairly inelastic, the burden of an indirect tax falls ...
The primary function of non-bank financial institutions is to ...
Creation of money by commercial bank is done by ...
One of the characteristics of oligopoly is the availability of ...
Given that Qd = 10 - 2p while Qs = 5 + 3P, if P = N 1 determine the equilibrium quantity. ...