When Prices Rise Due to Excess Demand and Increasing Cost

question 33

Multiple Choice

When prices rise due to excess demand and increasing cost of production, what is the resulting monetary condition known as?

• A) recession
• B) depression
• C) inflation
• D) recovery

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Definitions:

Informational Cues

Visual or textual hints that help users navigate and understand content within digital environments.

Richness

In communication, it refers to the depth and quality of information transmitted between parties.

Oral Medium

A method of communication or expression that involves spoken words, as opposed to written or visual forms.

In-Person Channel

A mode of communication where interactions occur face-to-face, allowing for immediate feedback and non-verbal cues.