Cost-Push Inflation Occurs

question 10

Multiple Choice

Cost-push inflation occurs:

• A) at or close to full employment.
• B) because of excess total spending.
• C) when "too much money is chasing too few goods."
• D) when there are increases in production costs.

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Definitions:

Adequate Financing

Having sufficient funds or capital to cover the startup, operation, or expansion of a business.

Feedforward Control

A management technique that involves the collection and analysis of performance data before a task is undertaken, with the aim of preventing future problems.

Controlling

The management function aimed at ensuring actual activities conform to planned activities through monitoring, evaluating, and taking corrective actions.

Controlling

The management function that involves monitoring performance, comparing it with goals, and correcting any significant deviations.