'Cost-Push Inflation' Can Be Caused By

question 51

Multiple Choice

'Cost-push inflation' can be caused by:

• A)a high growth rate in real wages.
• B)an increase in aggregate demand, which pushes prices higher.
• C)an increase in aggregate supply, which pushes prices higher.
• D)growth in aggregate demand not keeping up with the growth in aggregate supply.

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Definitions:

Good Faith

An honest intention to act without taking an unfair advantage over another party, typically in the context of contracts or negotiations.

Chief Executive Officer

The highest-ranking officer in a company or organization, who is responsible for making major corporate decisions.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, typically responsible for paying their own taxes and benefits.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.