Which of the following will cause an increase in cost of ...
Which of the following will cause an increase in cost of production?
Hyper-inflation
Cost push inflation
Structural inflation
Demand pull inflation
Correct answer is B
Cost push inflation occurs when overall prices increase(inflation) due to increases in the cost of wages and raw materials. It can also occur when higher costs of production decrease the aggregate supply in the economy.
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The production within the domestic territory of a country is called the ...
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Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income? ...