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Cost-Push Inflation: How the Supply Side of the Economy Leads to Inflation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why might a national wheat plague cause cost-push inflation?

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1. What is the result of cost-push inflation?

2. Cost-push inflation occurs when _____.

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About This Quiz & Worksheet

Cost-push inflation has immediate effects on the economy, and the quiz and worksheet combination will ask you about what factors create it and what it does. You will be tested on circumstances that trigger cost-push inflation and some examples of its economic impact.

Quiz & Worksheet Goals

The quiz will test your understanding of:

  • Examples of cost-push inflation
  • Causes and effects of cost-push inflation
  • The concept of stagflation

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related cost-push inflation lesson
  • Interpreting information - verify that you can read information regarding the results of cost-push inflation and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about situations that cause cost-push inflation to occur

Additional Learning

For further information, read the accompanying lesson called Cost-Push Inflation: How the Supply Side of the Economy Leads to Inflation, which will cover the following topics:

  • Historic examples of inflation
  • Scenarios demonstrating cost-push inflation
  • Depicting cost-push inflation on a supply curve
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