A One-Time Rise in the Price Level Can Turn into a Demand-Pull

question 299

Multiple Choice

A one-time rise in the price level can turn into a demand-pull inflation when___________ .

• A) the quantity of money persistently increases
• B) the quantity of money persistently decreases
• C) taxes consistently increase
• D) the money wage rate continues to increase

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Definitions:

Discrimination

Unjust or prejudicial treatment of individuals, often based on race, age, sex, or other characteristics.

White Privilege

The societal advantages that benefit people who are perceived as white, beyond what is commonly experienced by non-white people under the same social, political, or economic circumstances.

Unearned Privileges

Advantages or rights granted to individuals not based on their actions or choices but rather on inherent or societal factors such as race, gender, or class.

Structural Functionalist

A theoretical perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability.