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What is cost-push inflation primarily caused by?
  • a)
    Increase in money supply
  • b)
    Decrease in consumer spending
  • c)
    Increase in aggregate demand
  • d)
    Increase in cost of production
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is cost-push inflation primarily caused by?a)Increase in money su...
Cost-push inflation is primarily caused by an increase in the cost of production. This could result from factors like higher prices of raw materials, increased wages, or other production-related expenses.
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What is cost-push inflation primarily caused by?a)Increase in money supplyb)Decrease in consumer spendingc)Increase in aggregate demandd)Increase in cost of productionCorrect answer is option 'D'. Can you explain this answer?
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