Cost- Push Inflation Starts with

question 321

Multiple Choice

Cost- push inflation starts with

• A) a decrease in aggregate demand.
• B) a decrease in short- run aggregate supply.
• C) an increase in aggregate demand.
• D) an increase in short- run aggregate supply.

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Definitions:

Distribution Of Income

The way in which total income is shared amongst the population or different groups within a society.

Pre-Tax-And-Transfer Income

The measure of a household's income before taxes are deducted and before any government transfers, such as social security or unemployment benefits, are added.

Human Development Report

An annual report published by the United Nations Development Programme that measures countries' social and economic development levels.

Measure Of Inequality

An analytical tool used to quantify the degree of economic inequality within a population, such as the Gini coefficient.