Cost - push inflation occurs when_______

Economics

JAMB 2017

A. production cost is high
B. government embarks on deficits financing
C. factors decrease
D. there is too much in circulation

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Correct Answer: Option A

Explanation

Cost push inflation occurs when increase in cost of production are passed on to consumers in the form of high price for the goods and services on sale. The price of goods are pushed up by rising costs.

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Cost - push inflation occurs when_______

Correct Answer: Option A

Explanation

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