Aggregate Demand in India Increased in 2008

question 395

Multiple Choice

Aggregate demand in India increased in 2008. In addition, real GDP grew strongly and inflation approached 10 percent. The best explanation for this inflation is that

• A) aggregate supply did not change.
• B) potential GDP decreased.
• C) there was a movement up along the aggregate demand curve in 2008.
• D) potential GDP increased, but at a slower rate than aggregate demand.

---

Definitions:

Social Contexts

The environments or settings that influence and are influenced by individuals, shaping their behaviors, beliefs, and interactions.

Gender Similarities

The concept that males and females are alike on most psychological variables, emphasizing the commonalities rather than the differences between genders.

Gender Differences

Variations in the behaviors, opportunities, and treatment of individuals based on their gender, often influenced by societal norms and biological factors.

Cultural Feminism

A branch of feminism focused on emphasizing the differences between women and men and valuing women's unique experiences, contributions, and capacities.