A cost-push inflation occurs as a result of workers attempts to push up their wages. Therefore, inflation

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“A cost-push inflation occurs as a result of workers’ attempts to push up their wages. Therefore, inflation does not have to be a monetary phenomenon.” Is this statement true, false, or uncertain? Explain your answer.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:34 AM

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A cost-push inflation occurs as a result of workers attempts to push up their wages. Therefore, inflation

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