Cost-push inflation can contribute to recession by: increasing prices which reduces output and leads to lower employment and lower real incomes. Price increases, sometimes known as inflation, are essentially the progressive decline in purchasing power. The average price increase of selection of products and services over time can serve as a proxy for the rate at which buying power declines.
The rate at which the cost of goods and services increases is known as inflation. Those who own tangible assets, such as real estate or stored commodities, may benefit from inflation since it will increase the value of their holdings.
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