BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Cost-push inflation occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials.

Detailed explanation-2: -Inflation is the rate of increase in prices over a given period of time.

Detailed explanation-3: -In economics, stagflation or recession-inflation is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

Detailed explanation-4: -Creeping Inflation: This is also known as mild inflation or moderate inflation. This type of inflation occurs when the price level persistently rises over a period of time at a mild rate.

Detailed explanation-5: -What is the difference between stagflation and stagnation? Stagnation means economic growth is persistently slow, nonexistent, or even negative. Stagflation describes a specific economic situation in which stagnant growth is accompanied by high inflation and high unemployment.