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    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.

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