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As part of a work group, Bob's main job is to resolve conflicts between other group members. Whenever there is an argument, he tries to figure out a solution that benefits both parties, or he quickly defuses the tension with some jokes. Which of the following roles is Bob performing within his work group?
Favorable Supply Shock
An unexpected event that increases the supply of a product or service, leading to a lower equilibrium price and/or an increase in the equilibrium quantity.
Inflation
The pace at which prices for goods and services generally ascend, causing buying power to decline.
Stagflation
A period of falling output and rising prices.
Hyperinflation
An extremely high and typically accelerating rate of inflation, often exceeding 50% per month.
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