Which of the following will likely lead to cost-push inflation? Select the two correct answers.(1 point)
Responses
Consumers become more comfortable with debt, increasing their spending as they take on more loans.
Consumers become more comfortable with debt, increasing their spending as they take on more loans.
A tornado destroys factories and lowers supply levels throughout the economy.
A tornado destroys factories and lowers supply levels throughout the economy.
An ongoing war causes government spending to nearly double in quantity.
An ongoing war causes government spending to nearly double in quantity.
An increase in the price of oil has reduced supply of all goods and services that use oil as an input.
An increase in the price of oil has reduced supply of all goods and services that use oil as an input.
Exports increase dramatically after a relative drop in price.
A tornado destroys factories and lowers supply levels throughout the economy.
An increase in the price of oil has reduced supply of all goods and services that use oil as an input.