Cost-push inflation during economic expansions when demand for goods and services is greater than supply.

Name: Cost-push inflation during economic expansions when demand for goods and services is greater than supply.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Cost-push inflation occurs when production costs increase due to factors such as higher wages, taxes, or prices of raw materials. It is not caused by an increase in demand, but rather by a decrease in supply or an increase in production costs.

Cost-Push Inflation During Economic Expansions When Demand for Goods and Services