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Which type of inflation can be caused by a rise in the prices of raw materials and wages?
  • a)
    Demand-pull inflation
  • b)
    Cost-push inflation
  • c)
    Walking inflation
  • d)
    Hyperinflation
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which type of inflation can be caused by a rise in the prices of raw m...
Cost-push inflation can be caused by factors like a rise in the prices of raw materials or an increase in wages. These factors lead to an increase in the cost of production, which is then passed on to consumers in the form of higher prices.
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Which type of inflation can be caused by a rise in the prices of raw materials and wages?a)Demand-pull inflationb)Cost-push inflationc)Walking inflationd)HyperinflationCorrect answer is option 'B'. Can you explain this answer?
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