Economics A-Level
Cost-Push Dynamics
What Cost-Push Dynamics means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Cost-Push Dynamics
The transmission mechanism of input prices, including unit labor costs, raw materials, and imported inflation, into the SRAS curve, resulting in shifts that impact the short-run equilibrium.
Topics that use Cost-Push Dynamics
- Aggregate supply (AS) (Pearson Edexcel A-Level)
Related terms
Using Cost-Push Dynamics in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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