📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What term is used to describe inflation caused by an

    increase in the cost of production inputs?
    A Demand Pull Inflation Correct Answer Incorrect Answer
    B Cost Push Inflation Correct Answer Incorrect Answer
    C Core Inflation Correct Answer Incorrect Answer
    D Induced Inflation Correct Answer Incorrect Answer

    Solution

    Cost Push Inflation is caused by an increase in prices of inputs like labor and raw materials.

    Practice Next
    More Economy Questions

    Relevant for Exams:

    ask-question