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SEPHS - SOC240 - Economics Fall
Inflation and Stagflation
Question 2
2
Assignment
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Inflation and Stagflation
Question 2 • SEPHS - SOC240 - Economics (Fall)
When people have more money and eagerly spend it, this increases .This leads to inflation.When the prices of raw materials or labor increase, this causes an increase in , resulting in for consumers.
Answer
A
cost-push
B
demand-pull
C
decreased
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