Generating Capital to Start a Business with Small Donations from Many

question 108

Multiple Choice

Generating capital to start a business with small donations from many people is known as ________.

• A) collaborative consumption
• B) crowdfunding
• C) crowdsourcing
• D) venture capital

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Definitions:

Aggregate Demand Curve

The aggregate demand curve represents the total demand for goods and services in an economy at different price levels, generally showing an inverse relationship between price and output demanded.

Price Level

An index that measures the average changes in prices received by domestic producers for their output, affecting the purchasing power of money.

Cost-Push Inflation

An inflationary trend that results from an increase in the cost of production, leading to a decrease in supply and an increase in prices.

Demand-Pull Inflation

Inflation that occurs when aggregate demand in an economy outpaces aggregate supply, leading to an increase in prices.