______________ is the tendency of prices, aided by union-corporation contracts, to rise during economic expansions and resist declines during recessions.
A) Administrative inflation
B) Speculative inflation
C) Cost-push inflation
D) Demand-pull inflation

Question

Quizplus · Accepted Answer

Administrative inflation is characterized by price increases due to factors such as union-corporation contracts, which can lead to higher wages and subsequently higher prices for goods and services. This type of inflation tends to persist across different economic cycles, rising during expansions and resisting declines during recessions.

______________ Is the Tendency of Prices, Aided by Union-Corporation Contracts