Cost-push inflation is a result of too much spending on goods and services.

Name: Cost-push inflation is a result of too much spending on goods and services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-push inflation is actually caused by a decrease in the supply of goods and services, which leads to higher prices. This could happen due to an increase in the cost of production, such as higher wages or raw material prices, which then gets passed on to consumers in the form of higher prices.

Cost-Push Inflation Is a Result of Too Much Spending on Goods