Cost-Push Inflation

question 253

Multiple Choice

Cost-push inflation

• A)is caused by excessive total spending.
• B)shifts the nation's production possibilities curve leftward.
• C)moves the economy inward from its production possibilities curve.
• D)is a mixed blessing because it has positive effects on real output and employment.

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Definitions:

Fertility

The natural capability to produce offspring; it is a measure of reproductive capability in individuals or populations.

Decline

A gradual decrease in quality, quantity, health, or strength of something or someone.

Kohlberg

A psychologist known for his theory of moral development, which explains how individuals evolve their understanding of morality.

Preconventional Morality

The first stage of moral development in Kohlberg's theory, where behavior is guided by punishments and rewards from the external environment.