ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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demand-pull inflation
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demand and supply inflation
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cost-push inflation
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fixed income inflation
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Detailed explanation-1: -Demand-pull inflation explained Yet when demand outpaces supply, sellers will raise prices as a result. This price hike is called demand-pull inflation, and it’s the most common type of inflation in economics.
Detailed explanation-2: -Based on speed, there are 4 different types of inflation – hyperinflation, galloping, walking, and creeping.
Detailed explanation-3: -Cost-push inflation occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials. Cost-push inflation can occur when higher costs of production decrease the aggregate supply (the amount of total production) in the economy.
Detailed explanation-4: -Demand Pull. Cost-Push. Open. Repressed. Hyperinflation. Creeping. Moderate. True. More items