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is the tendency to delay tackling tasks until the last minute.
Cost-Push Inflation
Inflation resulting from a rise in the cost of inputs such as labor, raw materials, and so forth, which subsequently reduces the availability of these goods.
Aggregate Demand Curve
A graphical representation showing the total demand for all goods and services in an economy at different price levels.
Aggregate Supply Curve
A graphical representation that shows the total quantity of goods and services producers are willing to supply at different price levels in an economy.
Consumer Price Index
An index that looks at the weighted average prices of a collection of consumer products and services, like food, transportation, and healthcare, to gauge inflation.
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