Cost-Push Inflation Is Due To

question 112

Multiple Choice

Cost-push inflation is due to:

• A) labor cost increases.
• B) energy cost increases.
• C) raw material cost increases.
• D) all of the above.

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Definitions:

Long-Run Adjustment

A process businesses undergo to alter their level of output in response to economic changes, ensuring long-term economic efficiency and resource allocation.

Assembly-Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Redesigned Facility

A facility or plant that has been modified or rebuilt to improve efficiency, functionality, or to meet new standards.

Production Workers

Employees involved directly in the manufacturing process, contributing to the creation of goods.