Cost-Push Inflation Is Typically Caused by an

question 188

Multiple Choice

Cost-push inflation is typically caused by an

• A)inward shift of the demand curve
• B)inward shift of the aggregate supply and demand curves
• C)outward shift of the demand curve
• D)outward shift of the supply curve
• E)inward shift of the supply curve

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Definitions:

Volcanoes

Openings in the Earth's crust through which molten rock, ash, and gases are ejected.

Plate Tectonics

A scientific theory explaining the movement of the Earth's lithosphere, which is divided into tectonic plates, over the more fluid asthenosphere.

Asthenosphere

The highly viscous, mechanically weak, and ductilely-deforming region of the upper mantle of the Earth, which lies just below the lithosphere.

Plate Boundary

The region where two tectonic plates meet, which can be characterized by seismic activity, mountain building, and volcanic eruptions.