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

Question

Quizplus · Accepted Answer

Cost-push inflation occurs when the overall price level rises due to an increase in the cost of production, which is represented by an inward shift of the supply curve.

Cost-Push Inflation Is Typically Caused by an