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2.1.2- Inflation
part E- causes of inflation
cost-push
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Subdecks (3)
rise in wages above increase in productivity
Paper 2- UK economy performance & policies > Theme 2: The UK economy > measures of Econ performance > 2.1.2- Inflation > part E- causes of inflation > cost-push
2 cards
rise in cost of imported raw materials
Paper 2- UK economy performance & policies > Theme 2: The UK economy > measures of Econ performance > 2.1.2- Inflation > part E- causes of inflation > cost-push
2 cards
rise in indirect taxes
Paper 2- UK economy performance & policies > Theme 2: The UK economy > measures of Econ performance > 2.1.2- Inflation > part E- causes of inflation > cost-push
2 cards
Cards (9)
Cost push inflation is caused by?
increases
in the
costs
of
production
in an
economy
what do rising costs in production force producers to do?
pass on
higher costs
to
consumers
in form of
higher prices-
AS curves shifts
left
cost-push inflation
diagram
See all 9 cards