Supply Side Inflation Can Be Caused by

question 55

Multiple Choice

Supply side inflation can be caused by

• A) a persistent increase in aggregate supply while aggregate demand remains unchanged.
• B) a persistent decrease in aggregate supply while aggregate demand remains unchanged.
• C) a persistent decrease in aggregate supply while aggregate demand has significant decreases.
• D) a persistent increase in aggregate demand while aggregate supply remains unchanged.

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Definitions:

Specific Department

A distinct division within an organization, focused on a particular area of work or specialization.

Tactical Plans

Short-term, detailed plans formulated to implement strategies and achieve specific objectives within an organization.

Operational Plans

Detailed, short-term action plans that outline how strategic goals will be achieved by an organization, specifying resources needed and processes to follow.

Specialization

The process of concentrating on and becoming expert in a particular subject or skill, often leading to increased efficiency.