A. If you get a wage increase of 4%, but inflation is 5%, your real income (purchasing power) goes down. B. Cost push inflation is caused by a rightward shifting aggregate supply curve C. Demand pull inflation occurs as a result of a decrease in total spending D. Technological progress is likely to cause inflation.
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Home » Business » A. If you get a wage increase of 4%, but inflation is 5%, your real income (purchasing power) goes down. B. Cost push inflation is caused by a rightward shifting aggregate supply curve C.