Cost-Push Inflation May Be Caused by

question 20

Multiple Choice

Cost-push inflation may be caused by

• A)a decline in per-unit production costs.
• B)a decrease in wage rates.
• C)a negative supply shock.
• D)an increase in resource availability.

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Definitions:

Common Costs

Expenses that cannot be directly attributed to a specific product or service but are shared among several projects or business units.

Strategic Business Unit

A division or unit within a company that has its own mission, objectives, and competitors, and is managed independently.

Revenue Centre

A segment or area of a business responsible for generating sales and revenue, without direct responsibility for profit or cost.

Investment Centre

A business unit or division within an organization that is responsible for generating its own revenues and managing its own investments and expenses.