As far as cost-push inflation goes, the United States
A) has never experienced this type of inflation.
B) has experienced only this type of inflation.
C) experienced this type of inflation in the 1970s.
D) experienced this type of inflation during the 1990s.

Question

Quizplus · Accepted Answer

Cost-push inflation occurred in the 1970s in the United States, largely due to oil price shocks that increased the cost of production and led to higher prices across the economy.

As Far as Cost-Push Inflation Goes, the United States