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{{Refimprove|date=July 2010}}
[[Image:As AD cost push.svg|thumb|283px|[[AD-AS model|Aggregate supply – aggregate demand model]] illustration of aggregate supply (AS) shifting to AS' and causing price level to increase while output shrinks]]
'''Cost-push inflation''' is an alleged type of [[inflation]] caused by substantial increases in the cost of important [[good (economics)|goods]] or services where no
[[Keynesians]] argue that in a modern industrial economy, many prices are ''sticky downward'' or ''downward inflexible'', so that instead of prices for non-oil-related goods falling in this story, a supply shock would cause a [[recession]], i.e., rising [[unemployment]] and falling [[gross domestic product]]. It is the costs of such a recession that likely causes governments and central banks to allow a supply shock to result in inflation.
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