One-Shot Inflation Can Be Caused by

question 92

Multiple Choice

One-shot inflation can be caused by

• A) increases in aggregate demand only.
• B) decreases in aggregate supply only.
• C) either increases in aggregate demand or decreases in aggregate supply.
• D) neither increases in aggregate demand nor decreases in aggregate supply.

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Definitions:

Industrial/Organizational Psychology

A branch of psychology that studies human behavior in the workplace and applies psychological theories and principles to organizations and individuals.

Developmental Psychology

The scientific study of how humans change over the life span, from conception until death.

Testable Hypotheses

A proposition that can be experimentally evaluated to determine its validity.

Existing Theory

An established set of ideas or principles aimed at explaining facts or phenomena, already supported by a significant amount of empirical evidence.