Which of the following creates a dilemma for the government when it is considering implementing expansionary policy?

Multiple choice question.

Rising aggregate supply

Demand-pull inflation

Cost-push inflation

Falling aggregate demand

1 answer

The option that creates a dilemma for the government when considering implementing expansionary policy is:

Cost-push inflation

Cost-push inflation occurs when the overall prices increase due to rising costs of production, which can be caused by factors like increased wages or rising raw material costs. In this situation, implementing expansionary policy (which typically involves increasing government spending and/or lowering interest rates to stimulate the economy) could further exacerbate inflation without necessarily addressing the underlying issues in supply. This creates a dilemma as the government needs to balance the goal of stimulating economic growth with the risk of increasing inflation.