Cost-Push Inflation Is Caused by Supply Shocks Like Higher Oil

question 157

True/False

Cost-push inflation is caused by supply shocks like higher oil prices and poor weather conditions.

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Definitions:

Open Circuit

A break in an electrical circuit preventing current from flowing.

DC Circuit

A circuit that has a constant direction of flow of electric current, typically using direct current (DC) as its power source.

Directly Proportional

A relationship between two variables where if one increases, the other one also increases at a constant ratio.

Inversely Proportional

A relationship between two variables where when one variable increases, the other decreases at a rate that maintains the constant product of the two variables.