One of the reasons for the growing inflation rate in Argentina is due to increases in production costs of goods and services which occurred as a result of a decline in a suitable labor force.This would be an example of a _____ inflation.

Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the overall price levels rise due to increases in the cost of wages and raw materials, which is the situation described in the question.

One of the Reasons for the Growing Inflation Rate in Argentina