In the Basic AD/AS Macro Model,which of the Following Events

question 62

Multiple Choice

In the basic AD/AS macro model,which of the following events would cause stagflation?

• A)a large decrease in wages
• B)a large increase in business confidence
• C)a large increase in the net tax rate
• D)a large increase in the price of raw materials
• E)a large increase in labour productivity

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Definitions:

Res Ipsa Loquitor

A legal doctrine allowing the presumption of negligence by the defendant when the accident could not have happened without negligence.

Defective Product

An item that fails to function as intended due to a flaw in design, manufacture, or marketing, presenting potential harm to users.

Vicarious Liability

A legal principle where one party is held liable for the actions or negligence of another party, often seen in employer-employee relationships.

Driving While Impaired

Operating a vehicle under the influence of alcohol, drugs, or other substances that hinder cognitive and motor skills.