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As discussed in the text, the sociologist Phil Kunz once performed a study in which he sent 578 Christmas cards to a sample of complete strangers living in Chicago, Illinois. He received a total of 117 cards in return, as well as several phone calls-despite the fact that he did not know any of these people. Kunz's findings provide good evidence of ____.
Inflation
The speed at which the overall price level for goods and services increases, leading to a decrease in purchasing power.
Economy's Price Level
The general level of prices for goods and services across an economy, indicating the purchasing power of the country's currency.
Labor Force
The total number of people employed and unemployed, available for work, and actively seeking employment.
Cost-Push Inflation
Inflation caused by an increase in the costs of production, such as higher wages or material costs, leading to decreased aggregate supply.
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