Analyzing Inflationary Pressures

A national government enacts new legislation that substantially increases the minimum wage and expands the collective bargaining rights of labor unions. Shortly after, the economy experiences a sustained increase in the overall price level. Which of the following best categorizes the source of this inflation?

An economy is experiencing a period of rising prices. Which of the following scenarios would be classified as a source of cost-push inflation?

Match each economic event to the primary category of cost-push inflation it represents.