Which of the following represent two types of inflation?
A) demand-pull and cost-push
B) cost-pull and supply-push
C) demand-pull and supply-push
D) recessionary and recovery

Question

Quizplus · Accepted Answer

Demand-pull inflation occurs when there is an increase in demand for goods and services that leads to an increase in prices. Cost-push inflation occurs when there is an increase in the cost of production, which results in an increase in the prices of goods and services.

Which of the Following Represent Two Types of Inflation