By Itself,a Supply Shock,such as a Hike in the Price

question 157

Multiple Choice

By itself,a supply shock,such as a hike in the price of oil,can

• A)cause real GDP to permanently decrease year after year.
• B)not result in persisting inflation.
• C)be inflationary as long as there is no policy response.
• D)result in persisting inflation if aggregate supply persistently increases.
• E)result in a persisting wage-price spiral.

---

Definitions:

Need for Self-Determination

Refers to the fundamental drive of individuals to control their own actions and decisions, seeking autonomy and self-regulation in their behavior.

Need for Purposefulness

Refers to the intrinsic human motivation to have a sense of meaning and intention in one's actions and life endeavors.

Intrinsically Motivated

Being driven to act or perform tasks due to inherent satisfaction or interest in the task itself, rather than external rewards or pressures.

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction rather than for some separable consequence or reward.