Demand-Pull Inflation Is Caused by

question 117

Multiple Choice

Demand-pull inflation is caused by

• A)An increase in aggregate supply.
• B)An increase in resource costs as an economy's production capacity is approached.
• C)An increase in inventories.
• D)Excessive aggregate demand in relation to an economy's production capacity.

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Definitions:

Fixed-Interval Reinforcement

A schedule in operant conditioning where a response is rewarded only after a specified amount of time has elapsed.

Internal Forces

Psychological or emotional factors originating within an individual that influence thoughts, feelings, and behaviors.

Psychoanalytic

Pertaining to psychoanalysis, a therapeutic approach and theory of psychology developed by Sigmund Freud that emphasizes unconscious motivations and conflicts in mental disorders.

Humanistic Approaches

Psychological perspectives emphasizing individual potential and stressing the importance of growth and self-actualization.