If Increases in Total Spending Are Not Offset by Increases

question 114

Multiple Choice

If increases in total spending are not offset by increases in the supply of goods and services, the average price level will rise.Which of the following factors is responsible for this rise?

• A)Cost-push inflation
• B)Fiscal deficit
• C)Demand-pull inflation
• D)Wage-push inflation
• E)Unemployment

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Definitions:

Ideological Analysis

The study of the underlying beliefs, values, and principles within cultural texts and media that shape societal norms and power structures.

Broader Ways

Expanding or diversifying the manner in which something is approached, interpreted, or understood, contributing to a more encompassing or comprehensive perspective.

Media Text

Any written, visual, or auditory piece of material intended to convey information or messages via media platforms.

Society

Refers to a group of people living together in a more or less ordered community, sharing customs, laws, and organizations.