Inflation initiated by increases in wages or other resource prices is labeled
A)demand-pull inflation.
B)demand-push inflation.
C)cost-push inflation.
D)cost-pull inflation.

Name: Inflation initiated by increases in wages or other resource prices is labeled A)demand-pull inflation. B)demand-push inflation. C)cost-push inflation. D)cost-pull inflation.
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Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the overall price level rises due to increases in the cost of wages and raw materials.

Inflation Initiated by Increases in Wages or Other Resource Prices