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Cost-push inflation is likely to raise when

Economics
WAEC 2003

Cost-push inflation is likely to raise when
  • A. there is an increase in government spending
  • B. there is an increase in direct taxes
  • C. demand for higher wages is granted
  • D. there is a decrease in banks lending
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Correct Answer: Option C
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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