If People Start to Expect Higher Inflation in the Future

question 82

Multiple Choice

If people start to expect higher inflation in the future, current spending will _____ because people will:

• A) rise; try to buy before prices increase.
• B) rise; pay higher current prices.
• C) fall; save money to cover higher future costs.
• D) fall; be afraid to spend.

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Definitions:

Job Enrichment

The process of making a job more rewarding, challenging, and motivating through adding more meaningful tasks and duties.

Positive Self-talk

The practice of making affirming or encouraging statements to oneself to foster a positive mindset.

Effort-to-performance Expectancy

The belief that one's effort will lead to successful performance in tasks, often associated with motivational theories.

Job Status Rewards

This refers to benefits and recognitions provided to employees based on their position or level within an organization.