When There Is a Cost-Push Inflation

question 337

Multiple Choice

When there is a cost-push inflation,

• A) workers demand higher money wages because of the inflation.
• B) the aggregate demand curve shifts leftward because of the cost hikes.
• C) the short-run aggregate supply curve shifts rightward.
• D) None of the above answers is correct.

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Definitions:

Miles

Miles is a unit of length, most commonly equivalent to 5,280 feet or approximately 1.609 kilometers, used primarily in the United States.

Millimeters

A metric unit of length equal to one thousandth of a meter.

Meters

A unit of length in the metric system equal to 100 centimeters, used worldwide to measure distance.

Millimeters

A unit of measurement for length that is equal to 0.001 meters.