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Increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs.
~Rising production costs~
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∙ 13y ago
Sans The skeleton
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∙ 14y agoInflation can arise from the supply side of the economy. Rising per-unit production costs drive up general prices. This squeezes profits, and businesses will produce less but charge more. Output and employment generally decline. Cost-push inflation usually follows a supply shock (an abrupt increase in resource prices). In the 1970's, America experienced this type of inflation following OPEC's decision to drastically raise oil prices.
Wiki User
∙ 7y agoCost push inflation is inflation caused by an increase in prices of inputs like labour, raw material, etc. The increased price of the factors of production leads to a decreased supply of these goods.
Wiki User
∙ 9y agoCost-push inflation states that increasing wages for workers drives up the cost of production, forcing producers to charge more to meet their costs.
Wiki User
∙ 13y agoCost-push inflation results in higher prices, lower real output and more unemployment.
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Best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
Which best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
During inflation what is the best method to value the stock?
during inflation the best method to use inventory valuation that produces that produces that least amount of profit is
What best describes a period of inflation?
Characteristics of inflation are: Inflation involves a process of the persistent rise in prices. It involves rising trend in price level. Inflation is a state of disequilibrium. Inflation is scarcity oriented. Inflation is dynamic in nature. Inflationary price rise is persistent and irreversible. Inflation is caused by excess demand in relation to supply of all types of goods and services. Inflation is a purely monetary phenomenon. Inflation is a post full employment phenomenon. Inflation is a long-term process
Which best explanation for the general rise of prices over time?
Inflation
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Consumer confidence is closely related to joblessness, inflation, and real incomes.
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Economists use consumer confidence surveys to gauge sentiment and predict future spending behaviors. High consumer confidence typically indicates optimism and potential for increased consumption, while low confidence can signal economic uncertainty that may impact spending and investment decisions. Monitoring these surveys helps economists understand consumer sentiment and make predictions about economic trends.
What has the author Felix Hammermann written?
Felix Hammermann has written: 'What explains persistent inflation differentials across transition economies?' -- subject(s): Inflation (Finance)
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Wage controls attempt to stop inflation
Best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
Which best describes a period of inflation?
A period of inflation is best described as follows: When prices are going up, but the value wages is remaining the same or decreasing.
During inflation what is the best method to value the stock?
during inflation the best method to use inventory valuation that produces that produces that least amount of profit is
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A rise in unemployment will lead to a fall in inflation...this is best explained by the philips curve
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The phenomenon which best explains the role of catalyst in a reaction is that the catalyst lowers the Energy of Activation :)
Which best explains what a synthesis paragraph is?
A paragraph that explains the ideas that two texts share. (apex)
What is a word that explains the word ''see''?
There are a number of synonyms for 'see' but the word that explains in best is perceive.
