Inflation Can Only Be Caused by an Increase in Aggregate

question 19

True/False

Inflation can only be caused by an increase in aggregate demand.

Understand the concept of unconscionability in contracts and its implications.

Recognize illegal contracts and the potential for recovery of considerations.

Identify agreements that are considered illegal due to various reasons, including public policy violations.

Distinguish between contracts that are void, unenforceable, or voidable due to illegality.

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Definitions:

Work Motivation

The psychological forces that determine the direction of a person's behavior in an organization, their level of effort, and their level of persistence.

Enthusiastically

Doing something with eagerness and a high level of energy or excitement.

Alderfer's ERG Theory

A theory that categorizes human needs into three categories: Existence, Relatedness, and Growth, suggesting that people are motivated to fulfill these needs.

Lower-level Need

Basic requirements for human survival and security, typically including physiological and safety needs.