A Temporary Change in the Price Level Caused by Changes

question 17

Multiple Choice

A temporary change in the price level caused by changes in the business cycle is known as:

• A) demand-pull inflation.
• B) cost-push inflation.
• C) demand-push inflation.
• D) cost-pull inflation.

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Definitions:

Organizationally Desired Emotions

Refers to the specific emotional states or responses that an organization aims to elicit in its employees in order to foster a desirable work environment or achieve its goals.

Attitudes

Mental and emotional entities that embody an individual's positive or negative perspectives towards objects, people, or situations.

Evaluation

The systematic assessment of the merit, value, or significance of an object, project, or program, based on criteria and standards.

Cognitive Dissonance

The mental discomfort experienced by a person who simultaneously holds two or more contradictory beliefs, ideas, or values.