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What best explains the cost-push inflation?
Increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. ~Rising production costs~
Inflation caused by a rise in per unit production costs is referred to as......?
Cost push inflation.
Inflation initiated by increases in wages or other resource prices is labeled?
cost push inflation
Can cost-push inflation become self limiting?
Yes.
When OPEC raised the price on oil prices it created a?
cost push inflation
Which is best definition of cost-push inflation?
cost-push inflation is when prices increase as a result of increased production costs, labor and parts, even when demand remains the same.
What best explains the cost-push inflation?
Increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. ~Rising production costs~
Inflation caused by a rise in per unit production costs is referred to as......?
Cost push inflation.
Inflation initiated by increases in wages or other resource prices is labeled?
cost push inflation
Cost-push inflation results from?
an increase in oil prices
Can cost-push inflation become self limiting?
Yes.
Cost push inflation will tend to result in?
lick my gooch sack
When Did the US experience Cost Push inflation?
oil crisis of 1973
According to the cost-push theory, inflation is caused by:?
higher wages
What is cost inflation?
Cost-push inflation states that increasing wages for workers drives up the cost of production, forcing producers to charge more to meet their costs.
When OPEC raised the price on oil prices it created a?
cost push inflation
Is the most direct cause of cost-push inflation?
Rising production costs.
