The phenomenon of inflation during recessions
A) is explained by progressive economists as "demand-pull" inflation.
B) does not occur.
C) is explained by conservative economists as "cost-push" inflation.
D) is caused by wage and price controls.

Question

Quizplus · Accepted Answer

Conservative economists explain inflation during recessions as cost-push inflation, which occurs when the cost of producing goods and services increases, leading to an increase in prices. During a recession, there may be supply chain disruptions, causing a decrease in the supply of goods and services, which can increase their costs and lead to inflation.

The Phenomenon of Inflation During Recessions