Essay Database

Need an original paper?
Like us on Facebook in December and win FREE subscription to THOUSANDS high-quality essays and term papers
Like us on Facebook in December and win FREE subscription to THOUSANDS high-quality essays and term papers

cost pull economics

Date Submitted: 03/30/2002 06:21:50
Category: / History
Length: 5 pages (1253 words)
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
…producers increase their output of autos, they will demand more steel used in producing those cars. The price of steel and other inputs used in the production of autos will also rise. This reaction is similar to the wage price spiral that cost-push inflation creates. As shown in these examples, demand push and cost-pull are very close in how they affect an economy. Both theories are employed in our everyday life and affect us greatly.
Need a custom written paper? Let our professional writers save your time.