If Increases in Total Spending Are Not Offset by Increases

question 114

Multiple Choice

If increases in total spending are not offset by increases in the supply of goods and services, the average price level will rise.Which of the following factors is responsible for this rise?

• A)Cost-push inflation
• B)Fiscal deficit
• C)Demand-pull inflation
• D)Wage-push inflation
• E)Unemployment

Learn about the sociocultural perspective in understanding personality.

Identify different types of personality tests and their purposes.

Understand Freud's concepts of ego and its guiding principles.

Familiarize with the traits characteristic of neuroticism in the five-factor model.

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Definitions:

Driving Miles

A measure of distance traveled by vehicles, often used to assess fuel consumption or travel costs.

Equality

The state of being equal, especially in status, rights, opportunities, or distribution of wealth.

Efficiency

In economic terms, this refers to the optimal production and allocation of resources to maximize output with the least waste.

Scarce Resources

Limited resources which are not enough to satisfy the unlimited wants of people.