Which scenario is an example of cost-push inflation?
a. consumers have more money to bu...
Which scenario is an example of cost-push inflation?
a. consumers have more money to buy cars, and the prices of cars and car parts rise as a result.
b. an increase in workersâ wages raises the production cost of cars, and car prices rise as a result.
c. the demand for cars falls as consumers have less disposable income, and car prices fall as a result.
d. a government bailout car manufacturers lower their costs, and car prices fall as a result.
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