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- Cost-push_inflation abstract "Cost-push inflation is an alleged type of inflation caused by substantial increases in the cost of important goods or services where no suitable alternative is available. A situation that has been often cited of this was the oil crisis of the 1970s, which some economists see as a major cause of the inflation experienced in the Western world in that decade. It is argued that this inflation resulted from increases in the cost of petroleum imposed by the member states of OPEC. Since petroleum is so important to industrialised economies, a large increase in its price can lead to the increase in the price of most products, raising the inflation rate. This can raise the normal or built-in inflation rate, reflecting adaptive expectations and the price/wage spiral, so that a supply shock can have persistent effects. Keynesians argue that in a modern industrial economy, many prices are sticky downward or downward inflexible, so that instead of prices for non-oil-related goods falling in this story, a supply shock would cause a recession, i.e., rising unemployment and falling gross domestic product. It is the costs of such a recession that likely causes governments and central banks to allow a supply shock to result in inflation. They also note that though there was no deflation in the 1980s, there was a definite fall in the inflation rate during this period. Actual deflation was prevented because supply shocks are not the only cause of inflation; in terms of the modern triangle model of inflation, supply-driven deflation was counteracted by demand-pull inflation and built-in inflation resulting from adaptive expectations and the price/wage spiral.".
- Cost-push_inflation thumbnail As_AD_cost_push.svg?width=300.
- Cost-push_inflation wikiPageID "9308".
- Cost-push_inflation wikiPageLength "2995".
- Cost-push_inflation wikiPageOutDegree "26".
- Cost-push_inflation wikiPageRevisionID "653353982".
- Cost-push_inflation wikiPageWikiLink 1973_oil_crisis.
- Cost-push_inflation wikiPageWikiLink Adaptive_expectations.
- Cost-push_inflation wikiPageWikiLink Built-in_inflation.
- Cost-push_inflation wikiPageWikiLink Category:Inflation.
- Cost-push_inflation wikiPageWikiLink Central_bank.
- Cost-push_inflation wikiPageWikiLink Deflation.
- Cost-push_inflation wikiPageWikiLink Deflation_(economics).
- Cost-push_inflation wikiPageWikiLink Demand-pull_inflation.
- Cost-push_inflation wikiPageWikiLink Good_(economics).
- Cost-push_inflation wikiPageWikiLink Gross_domestic_product.
- Cost-push_inflation wikiPageWikiLink Inflation.
- Cost-push_inflation wikiPageWikiLink Inflation_rate.
- Cost-push_inflation wikiPageWikiLink Keynesian_economics.
- Cost-push_inflation wikiPageWikiLink Keynesians.
- Cost-push_inflation wikiPageWikiLink Milton_Friedman.
- Cost-push_inflation wikiPageWikiLink Monetarism.
- Cost-push_inflation wikiPageWikiLink OPEC.
- Cost-push_inflation wikiPageWikiLink Petroleum.
- Cost-push_inflation wikiPageWikiLink wage_spiral.
- Cost-push_inflation wikiPageWikiLink Recession.
- Cost-push_inflation wikiPageWikiLink Stagflation.
- Cost-push_inflation wikiPageWikiLink Supply_shock.
- Cost-push_inflation wikiPageWikiLink Triangle_model.
- Cost-push_inflation wikiPageWikiLink Unemployment.
- Cost-push_inflation wikiPageWikiLink Western_world.
- Cost-push_inflation wikiPageWikiLink File:As_AD_cost_push.svg.
- Cost-push_inflation wikiPageWikiLinkText "Cost-push inflation".
- Cost-push_inflation wikiPageWikiLinkText "cost-push inflation".
- Cost-push_inflation wikiPageWikiLinkText "cost-push".
- Cost-push_inflation hasPhotoCollection Cost-push_inflation.
- Cost-push_inflation wikiPageUsesTemplate Template:Refimprove.
- Cost-push_inflation subject Category:Inflation.
- Cost-push_inflation hypernym Type.
- Cost-push_inflation type Article.
- Cost-push_inflation type Article.
- Cost-push_inflation type Indicator.
- Cost-push_inflation comment "Cost-push inflation is an alleged type of inflation caused by substantial increases in the cost of important goods or services where no suitable alternative is available. A situation that has been often cited of this was the oil crisis of the 1970s, which some economists see as a major cause of the inflation experienced in the Western world in that decade. It is argued that this inflation resulted from increases in the cost of petroleum imposed by the member states of OPEC.".
- Cost-push_inflation label "Cost-push inflation".
- Cost-push_inflation sameAs Nákladová_inflace.
- Cost-push_inflation sameAs Inflacija_pod_pritiskom_troškova.
- Cost-push_inflation sameAs Inflacja_kosztowa.
- Cost-push_inflation sameAs m.02jtk.
- Cost-push_inflation sameAs Ponuková_inflácia.
- Cost-push_inflation sameAs Kostnadsinflation.
- Cost-push_inflation sameAs Q3493390.
- Cost-push_inflation sameAs Q3493390.
- Cost-push_inflation wasDerivedFrom Cost-push_inflation?oldid=653353982.
- Cost-push_inflation depiction As_AD_cost_push.svg.
- Cost-push_inflation isPrimaryTopicOf Cost-push_inflation.