Cost push inflation takes place due to?

a

the rapid increase in the demand for goods

b

an increase in productivity of the factors of production

c

a rise in the cost of production

d

a rise in the standard of living

e

the low wage rate of the workers

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Deepthinker581
4 years ago

Cost-push inflation occurs when the aggregate supply of goods and services decreases because of an increase in production costs

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