Cost-push inflation is caused by

Name: Cost-push inflation is caused by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the supply side of the market experiences a decrease in aggregate supply, causing an increase in the cost of production. This can be due to factors such as a decrease in the availability of raw materials or an increase in the cost of production inputs. It is not caused by full employment of resources or excessive government spending, and it is not related to the demand side of the market.

Cost-Push Inflation Is Caused by