top of page
Economics explained
Category:
Inflation and deflation
Cost push inflation
The secret to scoring awesome grades in economics is to have corresponding awesome notes.
A common pitfall for students is to lose themselves in a sea of notes: personal notes, teacher notes, online notes textbooks, etc... This happens when one has too many sources to revise from! Why not solve this problem by having one reliable source of notes? This is where we can help.
What makes TooLazyToStudy notes different?
Our notes:
-
are clear and concise and relevant
-
is set in an engaging template to facilitate memorisation
-
cover all the important topics in the O level, AS level and A level syllabus
-
are editable, feel free to make additions or to rephrase sentences in your own words!
Looking for live explanations of these notes? Enrol now for FREE tuition!
Cost-push inflation is caused by higher costs of production, which makes firms raise their prices in order to maintain their profit margins.
For example, higher raw material costs, increased wages and soaring rents...
...shift the aggregate supply curve for the economy to the left from AS to AS1.
This will force up the general price level from P to P1
This will reduce national income from Y to Y1
bottom of page