'Cost-push inflation' is characterised by:
A)very high levels of aggregate demand pushing prices higher.
B)the short-run aggregate supply curve shifting to the right.
C)rising prices and rising unemployment.
D)an increase in the level of nominal wages.

Question

Quizplus · Accepted Answer

Cost-push inflation is characterized by rising prices and rising unemployment, typically due to increased costs of production such as wages and raw materials, which decrease supply.

'Cost-Push Inflation' Is Characterised By