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A persistence rise in the prices of inputs will lead to

Economics
JAMB 2023

A persistence rise in the prices of inputs will lead to

  • A. cost push inflation
  • B. demand pull inflation
  • C. hyperinflation
  • D. stagflation
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Correct Answer: Option A
Explanation

Cost push inflation is inflation caused by an increase in prices of inputs like labour, raw materials etc.

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