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Quiz: Causes of Inflation - Cost-Push

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

11 Steps9 Questions

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Building on what you've learned about inflation, let's test your knowledge of cost-push inflation!

Multiple ChoiceInteractive

What is the main cause of cost-push inflation?

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Which of the following could lead to cost-push inflation? (Select all that apply)

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Cost-push inflation is driven by rising {{blank0}} costs, such as wages or {{blank1}} prices.

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Match the items on the left with their correct pairs on the right

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A company’s production costs rise by 15%, and the price of goods increases from £20 to £23. What is the percentage increase in price?

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Multiple ChoiceInteractive

Which sector is most likely to experience cost-push inflation due to rising oil prices?

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Which of these are effects of cost-push inflation? (Select all that apply)

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The {{blank0}} curve shifts {{blank1}} due to increased production costs, leading to higher prices.

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