Economy, asked by agggeeta8103, 11 months ago

Type of inflation is caused by increase in fuel

Answers

Answered by rose3wood
0

The economy's equilibrium moves from point A to point B and prices will tend to rise, resulting in inflation. Cost-push inflation, on the other hand, occurs when prices of production process inputs increase. Rapid wage increases or rising raw material prices are common causes of this type of inflation.

Similar questions