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Inflation has a negative impact on which of the following groups? (Choose all that apply.)
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- 1. demand-pull factors2. cost-push factors3. imported inflation4. government-induced inflation
- In a closed economy with lump sum taxes, if the marginal propensity to consume increased from 0.5 to 0.75, the simple spending multiplier and the marginal propensity to save (MPS) would change min which of the following ways?
- a highly aggregated market encompassing all resources (labor, physical capital, land, and entrepreneurship) contributing to the production of current output-includes market for labor services, natural resources, and physical capital-business firm demand resource to produce goods and services-households supply labor and other resources to get income-payments made to household sum up to national income -income is used 4 tax, finance gov expenditures, buy goods and services