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\nCost-Push Inflation: Causes, Effects, and Policy Responses\n

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\nThis video provides an explanation of cost-push inflation, which is caused by a rapid rise in the cost of factor inputs like commodities, exchange rates, and wages. It discusses the effects of this type of inflation on short-run...\nThis video provides an explanation of cost-push inflation, which is caused by a rapid rise in the cost of factor inputs like commodities, exchange rates, and wages. It discusses the effects of this type of inflation on short-run aggregate supply and a negative output gap, as well as the contrast with demand-pull inflation that leads to expanding real output. The video also analyzes the factors that determine the impact and duration of changes in cost and evaluates the market's ability to correct cost-push inflation without government intervention. Finally, it examines the potential risks of trying to correct this type of inflation with a fiscal stimulus, including the danger of feeding a cycle of continuous price rises in the economy.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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5:38
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, cost, push, inflation, exchange rates, prices, time, patience, economy
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Additional Tags

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a-level, evaluation, macro, large rises, fiscal stimulus, factor inputs, shift, change, market, back, talking, significant, euro, happen, decide, costs, result, means, sort, make, impact, price, jump, correct, effect, start
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Cost-Push Inflation: Causes, Effects, and Policy Responses\" href=\"/subscription/new\">\"Cost-Push\n\n
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