Demand-Pull Inflation Is Caused By

question 45

Multiple Choice

Demand-pull inflation is caused by:

• A)high unemployment of resources in the economy.
• B)increase in tax rates by the government.
• C)trade unions' pressure for wage hike.
• D)increased spending when the economy is producing at maximum capacity.
• E)the supply side of the market.

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Definitions:

Physically Attractive

Characteristics or features of a person that are aesthetically pleasing or beautiful to others, often influencing social perceptions and interactions.

Board of Trustees

A group of individuals vested with the responsibility to manage and oversee the operations and affairs of an institution or organization.

Group Polarisation

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, often after group discussions.

Conformity

The act of aligning one's beliefs, attitudes, and behaviors with those of a group or societal norms.