Supply Side Inflation Can Be Caused by

question 267

Multiple Choice

Supply side inflation can be caused by

• A)a continual increase in aggregate supply while aggregate demand remains unchanged.
• B)a continual decrease in aggregate supply while aggregate demand remains unchanged.
• C)a continual decrease in aggregate supply while aggregate demand has significant decreases.
• D)a continual increase in aggregate demand while aggregate supply remains unchanged.

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Definitions:

Achievement Need

The psychological drive to excel, achieve in terms of set standards, and strive for success.

Situational Determinants

Situational determinants are external factors that influence an individual's behavior, varying depending on the context or environment.

Social Bonds

Connections among individuals in a society that foster trust, cooperation, and collective action.

Associate

To connect or link in one's mind; to relate one idea or concept with another.