Question Question 19 1 pts Which of the following factors are likely to induce firms to raise prices and thus result in higher inflation? (Select all that apply.) higher oil prices a rise in wages with no increase in labor productivity higher prices for imported intermediate goods lower expected inflation
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Transcribed Image Text: Question 19 1 pts Which of the following factors are likely to induce firms to raise prices and thus result in higher inflation? (Select all that apply.) higher oil prices a rise in wages with no increase in labor productivity higher prices for imported intermediate goods lower expected inflation
More Transcribed Image Text: Question 19 1 pts Which of the following factors are likely to induce firms to raise prices and thus result in higher inflation? (Select all that apply.) higher oil prices a rise in wages with no increase in labor productivity higher prices for imported intermediate goods lower expected inflation
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Inflation   Introduction    Inflation refers to the process of rise in price level of goods and services of an economy.Inflation will reduce purchasing power of money.   Explanation    Option A, B, C   A rise in oil prices will leads to inflation.There are many other factors affecting inflation but a rise in oil prices may be outweighed by other f ... See the full answer