Cost- Push Inflation Might Initially Result from

question 221

Multiple Choice

Cost- push inflation might initially result from

• A) an increase in government expenditures.
• B) the use of new technology.
• C) an increase in the cost of resources.
• D) an increase in the quantity of money.

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Definitions:

Peripheral Countries

Countries often characterized by their marginal position within the global economic system, typically having less developed economies and depending on core countries for capital.

Raw Materials

The basic material from which a product is made, typically referring to natural resources that are used in production.

GDP

Gross Domestic Product, a monetary measure of the market value of all final goods and services produced in a period by a country.

U.S. Economy

The U.S. economy, one of the world's largest, is characterized by a high level of output per capita and a diverse array of industries including technology, finance, and services.