Cost-Push Inflation Is Caused by

question 36

Multiple Choice

Cost-push inflation is caused by

• A) a leftward shift in the aggregate supply curve.
• B) a rightward shift in the aggregate supply curve.
• C) a leftward shift in the aggregate demand curve.
• D) a rightward shift in the aggregate demand curve.
• E) none of these.

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Definitions:

Total Benefits

In economics, the complete gain or value received from consuming a good or service, including both direct and indirect benefits.

Total Costs

The complete sum of all expenses incurred by a company in producing and marketing a product or service.

Paradox Of Voting

A situation where paired-choice voting by majority rule fails to provide a consistent ranking of society’s preferences for public goods or public services.

Majority Voting

A voting system in which the option that receives more than half of the votes wins, often used in elections and decision-making processes.