Demand-Pull Inflation vs Cost-Push Inflation

Instructions:

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

question 1 of 3

Which of the following is a cause of Cost-Push Inflation?

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1. Which one of these scenarios would cause Cost-Push Inflation?

2. When aggregate demand increases faster than aggregate supply, prices go up. What is this an example of?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of why prices keep going up in the economy. Topics you'll need to know to pass the quiz include understanding the causes of cost-push inflation as well as knowing the characteristics of cost-push inflation.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • Causes of cost-push inflation
  • Characteristics of cost-push inflation
  • Example of a demand-pull inflation situation
  • Factors of a demand-pull inflation situation

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Defining key concepts - ensure that you can accurately define main terms, such as cost-push inflation and demand-pull inflation
  • Reading comprehension - ensure that you draw the most important information from the related types of inflation in economics lesson
  • Distinguishing differences - compare and contrast topics from the lesson, such as how demand-pull inflation differs from cost-push inflation

Additional Learning

To learn more about what gives rise to prices going up at the stores we visit, review the corresponding lesson Demand-Pull Inflation vs Cost-Push Inflation. This lesson covers the following objectives:

  • Define inflation
  • Know what demand-pull inflation is
  • Identify the main components causing demand-pull inflation
  • Appreciate the increase in prices and its role in cost-push inflation
  • Identify the importance of knowing the different types of inflation
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