Which of the Following Would Cause Cost-Push Inflation

question 190

Multiple Choice

Which of the following would cause cost-push inflation?

• A) Optimism leads consumers to spend more.
• B) Firms cut back on investments to cut costs.
• C) Strict new environmental regulations require that firms change their production methods.
• D) Consumers face rising costs when purchasing food and using transportation.

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Definitions:

Social Changes

Transformations in the structure and functioning of a society, often brought about by cultural, economic, or technological developments.

Sensate Culture

Sorokin’s term for a society that interprets the social and physical world through the senses.

Spiritual Enlightenment

A state of heightened awareness and understanding, often associated with achieving a deep connection with the divine or the ultimate truth.

Exponential Growth

The adoption of a new technology or behaviour by the majority of the population.