A. demand-pull inflation
B. stagflation
C. open inflation
D. cost-push inflation

Correct Answer:

Option D = cost-push inflation

Explanation

Cost-push inflation occurs when overall prices increase (inflation) as a result of increases in the cost of wages and raw materials.

Copyright warnings! Do not copy.

 

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.