Cost-Push Inflation Could Be Explained By

question 22

Multiple Choice

Cost-push inflation could be explained by:

• A)an increase in the level of consumer spending.
• B)a decrease in wage rates.
• C)a decline in per-unit production costs.
• D)an increase in the per-unit production cost.

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Definitions:

Cultural Differences

Variations in the practices, traditions, values, and beliefs among different cultures.

Negative Behavioral Consequences

Undesirable outcomes that result from certain actions or behaviors.

Extinction

A strategy to weaken a behavior by attaching no consequences to it.

Punishment

A strategy to discourage undesirable behavior by either bestowing negative consequences or withholding positive consequences.