Answer:
The answer is cost-push inflation.
Explanation:
Cost-push inflation occurs when inflation increases proportionally to the raw materials (wages) costs. This can only occur when the demand for the products hasn't changed, and the high cost of wages is now passed to the consumers.
Common causes of cost-push inflation include natural disasters or a change in the government's laws.
Answer:
c. Hierarchy of needs theory
Explanation:
Hierarchy of needs theory: In Psychology, the hierarchy of needs theory is given by Abraham Maslow. He has given five basic needs, they are:
1. Physiological need.
2. Safety need.
3. Love need.
4. Esteem need.
5. Self-actualization need.
According to him, each need contains a specific amount of internal sensation that an individual needs to accomplish to complete his or her hierarchy. The higher needs emerge when an individual sufficiently satisfies the previous need. He believed that these needs play an important role in motivating the desired behavior.
