BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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demand driven
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spend driven
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Both
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None of these
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Detailed explanation-1: -There are two main types of inflation: demand-pull and cost-push. Fueled by income and strong consumer demand, demand-pull inflation occurs when the economy demands more goods and services than are available. This results in higher prices.
Detailed explanation-2: -There are three primary types of inflation: Demand-pull inflation. Cost-push inflation. Built-in inflation.
Detailed explanation-3: -Economists distinguish between two types of inflation: Demand-Pull Inflation and Cost-Push Inflation. Both types of inflation cause an increase in the overall price level within an economy.
Detailed explanation-4: -Based on speed, there are 4 different types of inflation – hyperinflation, galloping, walking, and creeping.