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Cost push inflation is likely to arise when

Economics
WAEC 2016

Cost push inflation is likely to arise when

  • A. there is an increase in banking lending
  • B. there is an increase in subsidies
  • C. stock exchange
  • D. rise in the cost of production.
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Correct Answer: Option D
Explanation

Cost push inflation is inflation caused by an increase in prices of inputs like labour, raw material, etc. The increased price of the factors of production leads to a decreased supply of these goods.

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