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      Question

      Inflation caused by an increase in the prices of inputs

      (e.g., wages, oil) is called:
      A Demand-Pull Inflation Correct Answer Incorrect Answer
      B Cost-Push Inflation Correct Answer Incorrect Answer
      C Stagflation Correct Answer Incorrect Answer
      D Hyperinflation Correct Answer Incorrect Answer
      E Deflation Correct Answer Incorrect Answer

      Solution

      This type of inflation occurs when overall prices rise (inflation) due to increases in the cost of wages and raw materials

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