Which of the following are correct in the context of inflation? (A) Higher aggregate demand may lead to demand-pull inflation (B) Higher cost of production may lead to cost-push inflation (C) Higher international food and fuel prices may lead to inflation (D) Higher indirect taxes and lower subsidy may lead to inflation
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Inflation, unemployment and the Phillips curve has come up 106 times in 7 exams since 2006.
This question is on Causes and types of inflation, part of Inflation, unemployment and the Phillips curve in Macroeconomics.
What drives inflation: demand, costs, structure and money creation.
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Question from the CUET-PG 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.