Supply-Side Inflation

question 31

Multiple Choice

Supply-side inflation

• A) generally occurs during periods of full employment of both human and capital resources.
• B)shifts the aggregate supply curve downward to the right.
• C) causes the prices of important inputs to fall.
• D) is caused by large decreases in the money supply.
• E) reflects, in part, the market power of labor unions and large corporations.

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Definitions:

Symbolic Interactionism

A sociological perspective stressing the importance of symbolic communication and how social reality is constructed through interaction in social contexts.

Social Role Theory

The theory that much of social behavior is determined by societal expectations and norms associated with each individual's roles.

Self-perception Theory

A psychological theory that suggests individuals develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused it.

Symbolic Interactionism

A sociological theory that emphasizes the role of symbols and language in the development of individual identity and social interactions.