P. 1
Macro Economics Final Report

Macro Economics Final Report

|Views: 7,332|Likes:
Published by Zayn Khan

More info:

Categories:Types, School Work
Published by: Zayn Khan on Apr 06, 2011
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less





As the name suggests, when the cost of production of goods and services increases, there is

likely to be an increase in the prices of finished goods and services. For instance, a rise in the

wages of laborers is what raises the unit costs of production and thus raises price. This is less

common than demand-pull inflation. This type of inflation may or may not occur in conjunction

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->