Demand- Pull Inflation Is Caused By

question 71

Multiple Choice

Demand- pull inflation is caused by:

• A) not enough aggregate demand to provide sufficient profits for producers
• B) an increase in the costs of production which leads to inflation
• C) a recession
• D) persistently high levels of aggregate demand

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Definitions:

TQM

Total Quality Management, a systematic approach focused on continuous improvement of processes, products, and services to achieve a higher level of customer satisfaction.

TQM Advocates

Proponents of Total Quality Management, a management approach focused on continuous improvement and customer satisfaction across all organizational processes.

Concept Of Teams

The idea that a group of individuals with different skills and expertise work together towards a common goal.

80/20 Principle

A principle, also known as the Pareto Principle, that suggests 80% of effects come from 20% of causes, emphasizing the unequal relationship between inputs and outputs.