An Increase in the Overall Price Level Is Called

question 54

Multiple Choice

An increase in the overall price level is called

• A)an expansion.
• B)economic growth.
• C)deflation.
• D)a recession.
• E)inflation.

---

Definitions:

Social Norm

An unwritten rule or behavior that is considered acceptable or expected within a society or social group.

Cultures

The characteristic features of everyday existence shared by people in a place or time, including beliefs, behaviors, and social norms.

High-context Culture

Cultures where communication relies heavily on implicit messages and contextual cues rather than explicit words.

Low-context Culture

Cultures where communication is explicit, messages are direct, and understanding does not heavily rely on contextual cues or shared background.