'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.

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Definitions:

Collections

The process of pursuing payments of debts owed by individuals or businesses.

FOB Shipping Point

A term in shipping contracts indicating that the buyer is responsible for the goods, including the risk of loss and transportation costs, once the goods leave the seller's premises.

FOB Destination

A shipping term indicating that the seller retains ownership and responsibility for goods until they are delivered to the buyer's location.

Sales

The total amount of goods or services sold by a company during a specific period.