Cost-Push Inflation Occurs Because of A

question 196

Multiple Choice

Cost-push inflation occurs because of a:

• A)rightward shift in the aggregate demand curve.
• B)leftward shift in the aggregate demand curve.
• C)rightward shift in the aggregate supply curve.
• D)leftward shift in the aggregate supply curve.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions, beliefs, or values simultaneously.

Internal Frustration

A psychological state that arises from internal conflict or unmet needs, leading to emotional distress and sometimes aggressive behavior.

Catastrophes

Large-scale disasters, mishaps, or failures that cause significant harm, damage, or loss of life.

Pressure

The force exerted per unit area on an object's surface by a fluid (liquid or gas) or by a solid against a surface.