Cost-push inflation (成本推动型通货膨胀)

Cost-push inflation (成本推动型通货膨胀 chéng běn tuī dòng xíng tōng huò péng zhàng) refers to an increase in overall price level known as inflation due to an increase in the cost of factors of production. Higher costs lead to a decrease in aggregate supply and drive prices up. See: Demand-push inflation (需求拉动型通货膨胀 xū qiú lā dòng xíng tōng huò péng zhàng).

Part 1: Breakdown of Words

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