Demand- Pull Inflation Starts with

question 74

Multiple Choice

Demand- pull inflation starts with

• A) an increase in aggregate demand.
• B) a decrease in aggregate supply.
• C) a decrease in aggregate demand.
• D) an increase in aggregate supply.

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Definitions:

Planned Performance Standard

Predefined benchmarks or expectations against which employee performance is measured, often used in performance appraisals.

Merit Pay

A pay increase given to employees based on their performance, usually assessed through performance evaluations, to incentivize productivity and excellence.

Employee Performance Appraisals

A periodic review and evaluation of an individual's job performance and productivity in relation to certain pre-established criteria and objectives.

Incentive Plans

Compensation strategies designed to motivate and reward employees for achieving specific performance goals or business outcomes.