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      Question

      What term is used to describe inflation caused by an

      increase in the cost of production inputs?
      A Demand Pull Inflation Correct Answer Incorrect Answer
      B Cost Push Inflation Correct Answer Incorrect Answer
      C Core Inflation Correct Answer Incorrect Answer
      D Induced Inflation Correct Answer Incorrect Answer

      Solution

      Cost Push Inflation is caused by an increase in prices of inputs like labor and raw materials.

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