Cost-push inflation can result from:
A) an over abundance of available resources.
B) strong bargaining power of resource owners.
C) strong productivity growth.
D) falling input prices that lead firms to charge higher retail prices.

Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the costs of production increase, leading to higher prices for the final goods and services. This can happen when resource owners, such as labor unions or suppliers of raw materials, have strong bargaining power and can demand higher prices for the resources they provide.

Cost-Push Inflation Can Result From