An Increase in the Price Level Caused by a Rightward

question 89

Multiple Choice

An increase in the price level caused by a rightward shift of the aggregate demand curve is called:

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

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Definitions:

Anticipatory Breach

A situation in contract law where it is indicated by one party ahead of time that they will not be fulfilling the contract terms.

Victim Sue

Refers to the process by which a victim of a wrong or injury files a lawsuit against the responsible party to seek compensation or redress.

Substantial Performance

A level of completion where a contract's essential terms have been fulfilled, allowing for the fulfillment of the contract's overall purpose.

Contractual Obligations

Contractual obligations are duties that parties are legally required to perform as outlined in a contract, failure of which may lead to legal consequences.