Graphically, cost-push inflation is shown as a
A)leftward shift of the AD curve.
B)rightward shift of the AS curve.
C)leftward shift of the AS curve.
D)rightward shift of the AD curve.

Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the aggregate supply (AS) curve shifts to the left, indicating a decrease in supply due to increased production costs, leading to higher prices.

Graphically, Cost-Push Inflation Is Shown as a