Demand-Pull Inflation Can Result When

question 47

Multiple Choice

Demand-pull inflation can result when

• A)policymakers set an unemployment target that is too high.
• B)a persistent budget deficit is financed by selling bonds to the public.
• C)a persistent budget deficit is financed by selling bonds to the central bank.
• D)workers get numerous wage increases.

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Definitions:

Frederick W. Taylor

An American engineer and management consultant known for his pioneering work in the field of scientific management, aimed at improving industrial efficiency.

Standardization

The process of implementing and developing technical standards to ensure uniformity, safety, and compatibility of products and services.

Optimum Cutting Tool Speeds

Optimum cutting tool speeds refer to the ideal rate at which a cutting tool should operate to efficiently cut material while minimizing wear and tear on the tool.

Frederick W. Taylor

An American mechanical engineer who sought to improve industrial efficiency and is known as the father of scientific management.