An Increase in the Price Level Caused by a Rightward

question 89

Multiple Choice

An increase in the price level caused by a rightward shift of the aggregate demand curve is called:

• A) cost-push inflation.
• B) supply shock inflation.
• C) demand shock inflation.
• D) demand-pull inflation.

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it established rights for workers to form unions and engage in collective bargaining in the United States.

Unionized Business

A business where its workers are members of a union, which represents their interests in negotiations with management over wages, benefits, and working conditions.

NLRB

The National Labor Relations Board, a US federal agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Religious Schools

Educational institutions that are based on the teachings of a specific religion and often offer a curriculum that incorporates religious studies.