General rise in the price level induced by increased price of inputs is referred to as
Answer Details
Cost-push inflation is a general rise in the price level caused by an increase in the price of inputs (such as wages and raw materials) that businesses need to produce their goods and services. As the cost of production increases, businesses are forced to raise their prices in order to maintain their profit margins, which in turn leads to an increase in the general price level of goods and services. This is different from demand-pull inflation, which is caused by an increase in demand for goods and services that outstrips their supply, and imported inflation, which is caused by a rise in the price of imported goods and services.