What term do economists use to describe the second outcome of inflation?

1 answer

Answer

1257691

2026-05-09 20:41

+ Follow

Economists refer to the second outcome of inflation as "cost-push inflation." This occurs when rising production costs, such as wages and raw materials, lead to an increase in prices for goods and services. Cost-push inflation can result in reduced economic growth and increased unemployment, as higher prices can decrease consumer demand.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.