Cost-Push Inflation Is Due To

question 102

Multiple Choice

Cost-push inflation is due to:

• A) 'too much money chasing too few goods'.
• B) the economy operating at full employment.
• C) significant increases in production costs.
• D) a decrease in production costs.

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Definitions:

Infant

A very young child, particularly before they can walk or speak; the earliest stage in human development.

Square

A geometric shape with four equal sides and four right angles.

A-not-B Error

A cognitive mistake made by infants during the sensorimotor stage where they repeatedly reach for a hidden object at a location where it was last found (A) rather than its new location (B).

Motor Perseveration

The repetition of a particular movement or action despite the absence or cessation of the stimulus or intention that originally triggered it.