Supply inflation is triggered by changes in
A)the prices of imported goods.
B)wages as expected inflation catches up with actual inflation.
C)wages due to the current value of (Y/YN).
D)business costs unrelated to prior changes in nominal GDP growth.

Question

Quizplus · Accepted Answer

Supply inflation is caused by an increase in the cost of producing goods and services, which could be due to factors such as rising prices of raw materials, increased taxes, and other business costs. These factors are unrelated to prior changes in nominal GDP growth, hence the correct option is D.

Supply Inflation Is Triggered by Changes in