Cost-Push Inflation Is Due To

question 25

Multiple Choice

Cost-push inflation is due to:

• A) "too much money chasing too few goods".
• B) the economy operating at full employment.
• C) increases in production costs.
• D) all of the above.

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Definitions:

Free Will

Among philosophers, a somewhat antiquated expression (as in “he did it of his own free will”) meaning that a person is capable of making decisions that are not determined by antecedent conditions. Of course, there may be antecedent considerations, such as what a person wants or what a person believes, but free will means that such considerations never determine a person’s decision. At most they “enter into the decision.”

Least of the Evils

A principle involved in decision making that opts for the less harmful or least undesirable option among several bad choices.

Process Philosophy

A philosophical approach that emphasizes becoming, change, and the dynamic nature of reality over static being or existence.

Creating Himself

The philosophical concept of an individual actively shaping their own identity, character, and essence through their choices and actions.