'Cost-Push Inflation' Is Characterised By

question 100

Multiple Choice

'Cost-push inflation' is characterised by:

• A)very high levels of aggregate demand pushing prices higher.
• B)the short-run aggregate supply curve shifting to the right.
• C)rising prices and rising unemployment.
• D)an increase in the level of nominal wages.

---

Definitions:

Price Discrimination

This refers to the practice of selling nearly the same items or services at varying prices in distinct markets by a singular provider.

Concession Stands

Retail outlets located at entertainment venues, sporting events, or fairs, where snacks, drinks, and other items are sold.

Exchange of Product

The act of trading one product for another, often in the context of markets or barter systems.

Socially Optimal Price

This is the price point at which the social benefits of product consumption match the overall cost of production, aiming for an efficient allocation of resources.