(3) State the causes of inflation.
Answers
Answered by
6
Summary of Main causes of inflation
Demand-pull inflation – aggregate demand growing faster than aggregate supply (growth too rapid)
Cost-push inflation – For example, higher oil prices feeding through into higher costs.
Devaluation – increasing cost of imported goods, and also the boost to domestic demand.
Answered by
6
Answer:
a natural consequence of the use of money instead of trade goods
Similar questions