Which of the Following Can Create Demand-Pull Inflation

question 40

Multiple Choice

Which of the following can create demand-pull inflation?

• A) Excessive aggregate spending.
• B) Sharply rising oil prices.
• C) Higher labor costs.
• D) Recessions and depressions.

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Definitions:

Military Technology

Technology developed and used by the armed forces to gain advantage in warfare.

Normal Accidents

A concept proposing that in complex systems, accidents are inevitable due to the unforeseeable interaction of multiple failures.

Technological Determinism

The theory that society's technology drives the development of its social structure and cultural values.

Risk Society

A theoretical concept where society is increasingly preoccupied with the future and also manages risks derived from technological and scientific advancements.