Rising per-unit production costs are most directly associated with: Structural unemployment cost-push inflation frictional unemployment demand-pull inflation. Which of the following is correct statement? It is relatively easy to distinguish between cost-push and demand-pull inflation even if you don't source of the inflation Demand-pull inflation is usually accompanied by higher unemployment rates Demand-pull inflation will continue so long as there is excess total spending in the economy A supply shock will Cause of variation of demand-pull inflation that can lead to hyperinflation Real income is found by: multiplying nominal income by 1.03. dividing nominal income by 70. dividing the price index (in hundredths) by nominal income. dividing nominal income by the price index (in hundredths). If the average level of nominal income in a nation is $44,000 and the price level index is real income would be about $77,000 $44,000 $25, 143 $18, 857 Which of the following formulas is correct? Percentage change in: price level approximates percentage change in real income minus percentage change real income approximates percentage change in nominal income minus percentage change nominal income approximates percentage change in price level minus percentage change real income approximates percentage change in price level minus percentage change In 2010, Tatum's nominal income rose by 4.6 percent and the price level rose by conclude that Tatum's real income: may have either increased or decreased. rose by approximately 3 percent. rose by approximately 6.2 percent. fell by approximately 13 percent. Assume that there is a fixed rate of interest on contracts for borrowers and Len occurs in the economy, then: Borrowers are hurt, but lenders benefit Lenders are hurt, but borrowers benefit Both lenders and borrowers are hurt Both lenders and borrowers benefit