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      Question

       In the case of cost-push inflation, other

      things being equal:
      A both the inflation rate and the unemployment rate rise at the same time. Correct Answer Incorrect Answer
      B the unemployment rate rises but the inflation rate falls. Correct Answer Incorrect Answer
      C the inflation rate rises but the unemployment rate falls. Correct Answer Incorrect Answer
      D both the inflation rate and the unemployment rate fall. Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      In the case of cost-push inflation, other things being equal the inflation rate rises but the unemployment rate falls.

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