Which of the following lead to demand-pull inflation
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An increase in aggregate demand will most likely lead to demand-pull inflation if
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.
Ā
Inflation initiated by increases in wages or other resource prices is labelled as: