Multiple Choice Questions - Economics ( 12th Grade)

Economics (12th Grade)

Economics - Inflation

What is the difference between demand-pull inflation and cost-push inflation?

Demand-pull inflation is caused by an increase in demand, while cost-push inflation is caused by an increase in production costs

Demand-pull inflation is caused by an increase in production costs, while cost-push inflation is caused by an increase in demand

Demand-pull inflation is caused by an increase in demand, while cost-push inflation is caused by a decrease in production costs

Demand-pull inflation is caused by a decrease in demand, while cost-push inflation is caused by an increase in production costs