When an increase in the cost of production causes a decrease in the aggregate supply of a nation resulting in higher prices. This is called? A. Deflation

B. Cost-Push Inflation

C. Demand-Pull inflation

D. Hyper Inflation

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`stare decisis is a legal doctrine that obligates courts to follow historical cases when making a ruling on a similar current or future case. stare decisis ensures that cases with identical facts be approached in the same way, unless overruled by the same court or a higher court such as the us supreme court. simply put, it binds courts to follow legal precedents set by previous decisions.

stare decisis is a latin term meaning "to stand by that which is decided".