Demand-pull inflation and cost-push inflation are identical concepts because both involve lower unemployment rates and rising prices.

Name: Demand-pull inflation and cost-push inflation are identical concepts because both involve lower unemployment rates and rising prices.
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Question

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Demand-pull inflation is caused by increased demand leading to higher prices, while cost-push inflation is due to increased production costs. They are different concepts with distinct causes.

Demand-Pull Inflation and Cost-Push Inflation Are Identical Concepts Because Both