Explain the term demand-pull inflation.
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How does demand-pull inflation differ from cost-push inflation?
A. Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers.
B. Demand-pull inflation is driven by producers, while cost-push inflation is driven by consumers.
C. Demand-pull inflation is driven by the private sector, while cost-push inflation is driven by the public sector.
D. Demand-pull inflation is driven by the public sector, while cost-push inflation is driven by the private sector.
Inflation initiated by increases in wages or other resource prices is labelled as:
