Whenever the General Level of Prices Rises Because of Continual

question 200

Multiple Choice

Whenever the general level of prices rises because of continual increases in aggregate demand, we say that the economy is experiencing

• A) supply-side inflation.
• B) monetary stagflation.
• C) demand-side inflation.
• D) aggregate supply shock.

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Definitions:

Sensations

The initial process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Hippocrates

Often called the "Father of Medicine," a Greek physician of the Age of Pericles, who is credited with establishing medicine as a profession through ethical and systematic practices.

Scientific Psychology

The branch of psychology that uses scientific methods to study and understand human behavior and cognitive processes.

Freud

Psychoanalysis, a method devised by Austrian neurologist Sigmund Freud, focuses on treating psychopathology through conversational therapy between patients and psychoanalysts.