MONEY AND INFLATION — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsMONEY AND INFLATION1 Mark
Question
What is cost-push inflation ?
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Answer
Cost induced inflation is when there is inflation due to increase in production cost like increase in cost of raw material, machines, electricity, water rates, etc. The other name of cost induced inflation is supply shock inflation.
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