Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following best describes a difference between demand-pull inflation and cost-push inflation? O' a. Cost-push inflation can be caused by increases in the

image text in transcribed
image text in transcribed
Which of the following best describes a difference between demand-pull inflation and cost-push inflation? O' a. Cost-push inflation can be caused by increases in the cost of wages and intermediate goods, while demand-pull can be caused by Increase in exports. b. Demand-pull inflation is triggered by increases in the cost of production, while cost-push inflation occurs when the aggregate demand for goods and services increases while aggregate supply remains unchanged. O't. There Is no difference between demand-pull inflation and cost-push Inflation as they are triggered by the same sources. @ d. Demand-pull Inflation occurs when there is a shortage in aggregate demand, while cost-push inflation is the upward pressure on the general price level due to rising cost of production. Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Behavior And Management

Authors: John Ivancevich, Michael Matteson

6th Edition

0072436387, 978-0072436389

More Books

Students also viewed these Economics questions